Binance increases leverage up to 125x for its futures trading platform

Exchanges • October 18, 2019, 5:00AM EDT
UPDATED: October 18, 2019, 10:13AM EDT
Anthony Kwan/Bloomberg via Getty Images

Cryptocurrency exchange Binance’s futures trading platform, Binance Futures, has just increased leverage up to 125 times from 20 times earlier.

Announcing the news on Friday, Binance said traders can now select any leverage from 1x to 125x for its bitcoin (BTC)/ tether (USDT) futures contracts. At the maximum leverage of 125x, a 100 USDT collateral deposit will allow users to hold 12,500 USDT in BTC.

Binance CEO Changpeng Zhao “CZ” said that the move has been taken due to an increase in institutional participation, adding: “These professional traders seek out the most efficient ways to trade very quickly, both in terms of cost and performance.”

Binance Futures went live last month and is already ranked at number 5 in terms of trading volumes, after BitMEX, OKEx, Huobi, and bitFlyer. Binance's futures trading platform has, at times, recorded higher volumes than the Binance spot market.

"In Q4 of this year, we will roll out new major features that address community feedback, including several developments to improve the user experience,” said Aaron Gong, director of Binance Futures, in today’s announcement.

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Yogita Khatri profile picture Yogita Khatri

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

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