World’s leading cryptocurrency exchange, Binance will in the coming months begin to offer futures contracts according to an update made by CEO, Changpeng Zhao at the ongoing Asia Blockchain Summit.
Although not so much was given away regarding the upcoming offering by Binance, it is expected to allow investors 20x leverage and also offer BTC/USDT pairs when it goes live. More pairs would be added as time goes on which the offering would allow higher leverage in the future.
Meanwhile, it is also vital to note at this point that the crypto futures contracts to be offered by Binance is part of the project’s roadmap covered in its ICO whitepaper back in 2017.Â
Now, Binance has revealed it will roll out the solution precisely two years after the start date for that ICO.
As per the Binance ICO whitepaper, the exchange would roll out their offering in the following format.
- Spot tradingÂ
- Margin tradingÂ
- FuturesÂ
- Anonymous instant exchangeÂ
- Decentralized (on-chain) exchange
Well, although how Binance has rolled out the offering differs from the lineup above, it is worth noting that the project has delivered all of its promised product.
It was just last month that we announced the launch of both Binance decentralized exchange as well as margin trading on the Binance.com platform.
The exchange in the past also revealed plans to offer a security token trading platform, albeit it would watch on the progress made by other projects who venture into the space.
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