Binance Futures going live; offering 50% discount on trading fees

Binance Futures, the futures trading platform from cryptocurrency exchange Binance, is officially going live tomorrow. The platform had previously been in beta mode.

The exchange announced the news on Thursday, saying that all users will get a 50% discount on trading fees for the first 3 months when transacting on Binance Futures.

Last week, Binance launched two futures testnet platforms named Futures A and Futures B, inviting users to win up to 10,000 Binance coins (BNB) in a trading competition. The exchange now said that winners of the competition will get an additional discount on trading fees for the first month.

Binance today also announced that it will include Binance Futures, as well as all other future businesses and products into the scope of each quarterly BNB burn. In July, the exchange completed its eighth quarterly burn, which involved 808,888 BNB tokens (~ $23.8 million at the time) allocated to the Binance team.

Binance Futures currently supports BTC/USDT pair with up to 20x leverage. In July, Binance CEO Changpeng Zhao “CZ” said that the platform will add more pairs and higher leverage in the future.