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- Binance has dropped the news that it is going to launch BNB/USDT contracts with limited leverage of 50X on its Binance Futures trading platform.
- Binance Futures has been actively introducing new digital assets and trading pairs on its platform for exchange and trading.
- The Binance Future trading was highly anticipated by its users and was much in demand prior to its release.
The largest cryptocurrency exchange, Binance, has dropped the news that it is going to launch BNB/USDT contracts with limited leverage of 50X on its Binance Futures trading platform. BNB is the 17th digital asset to be available from the 10th of February 2020; it will be available for trading on the Binance exchange platform at 8:00 AM (UTC).
Since its launch in September of 2019, Binance Futures has been actively introducing new digital assets and trading pairs on its platform for exchange and trading. Since its launch, Binance Futures has seen an increased number of retail and institutional investors actively trading the pairs on its exchange.
The increasing numbers have given Binance exchange a steady platform in the cryptocurrency market, which has established a sense of trust between the users and is now the preferred platform for the users to lock in trades and even opportunities to invest in both Bullish and Bearish Rally of the market.
After the successful installation of the BTC trading pair and much, the Binance platform is now aiming to introduce other crypto coins and trading pairs to expand its network in the territory. Aaron Gong, director of Binance Futures, said the Binance platform had added 16 different altcoins as trading options.
He claimed that they have performed exponentially in terms of trading volume since its accumulation and also shared results of some altcoins that have taken the number one spot.
The Binance Future trading was highly anticipated by its users and was much in demand prior to its release. This could be the plausible reason for the launch of the Binance Futures Contract.
BNB is self token of Binance Chain, and it has acclaimed around 180 use cases worldwide. It has more than 2.5 Million users holding the native crypto on Binance platform, with the launch of the Futures contract, traders now have the option to trade in more flexible methods.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
