Binance, the leading global cryptocurrency exchange by trading volume and users, has launched ETH futures contracts with up to 50x leverage on the Binance Futures trading platform. Trading begins today with USDT as collateral. This marks a big step as Binance Futures solidifies its position of better serving the community by offering multiple options and building new functionalities.
Powered by its fast matching engine, Binance Futures offers a stable and seamless trading experience, reaching an all-time high (ATH) daily trading volume of more than 370,000 BTC (approximately $2.7 billion USD) in recent market spikes. Its sophisticated risk engine, smart liquidation model and insurance funds provide traders with extra protection for highly leveraged trading, making it one of the most competitive products in the global crypto derivatives market, offering the highest leverage among major crypto exchanges for BTC contracts at 125x. With its ETH contracts, Binance Futures traders can trade ETH with an adjustable leverage between 1 and 50 on desktop and mobile web, with Android and iOS support available soon.
“Binance Futures has proved to be one of the most desirable products in the market, allowing traders to hedge positions and manage risk. The platform remains stable despite high market volatility. In the first two months of its launch, Binance Futures has been breaking its own records in trading volumes, and has witnessed the growth of professional traders,” said CZ (Changpeng Zhao), CEO of Binance. “Binance Futures is a relatively new product, so is the crypto derivatives industry. We are committed to driving product innovations and growing our industry.”
“One of the reasons leading to the early success of Binance Futures is that we embody ‘The One Thing’ philosophy. In launching our first BTC contracts, our technology, product and business teams dedicated 100% of our efforts to ensuring the first pair would take off, instead of splitting resources to tackle too many things at the same time,” said Aaron Gong, Director of Binance Futures. “Now, we would like to introduce our ETH/USDT pair. We will continue to devote ‘The One Thing’ philosophy in refining this product and work steadily to improve the trading experience to address the needs of all traders on Binance Futures.”
About Binance Futures
Binance Futures offers perpetual futures for BTC/USDT and ETH/USDT pairs, which serves as a complementary product to the existing BTC/USDT and ETH/USDT spot pairs on Binance. Visit: https://www.binance.com/en/futures/BTCUSDT, or download Binance Android app at: https://play.google.com/store/apps/details?id=com.binance.dev
Binance is a blockchain ecosystem comprised of several arms to serve the greater mission of blockchain advancement and the freedom of money. Binance Exchange is the leading global cryptocurrency exchange by trading volume, with users from over 180 countries and regions. The Binance ecosystem is also comprised of Binance Labs (venture capital arm and incubator), Binance DEX (decentralized exchange feature developed on top of its native, community-driven Binance Chain blockchain), Binance Launchpad (token sale platform), Binance Academy (educational portal), Binance Research (market analysis), Binance Charity Foundation (blockchain-powered donation platform and non-profit for aiding in sustainability), Binance X (developer-focused initiative) and Trust Wallet (its official multi-coin wallet and dApps browser). For more information, visit: https://www.binance.com
Risk warning: Buying, selling, holding and partaking in futures trading of cryptocurrencies are activities that are subject to high market risk. The volatile and unpredictable nature of the price of cryptocurrencies may result in significant loss. Binance is not responsible for any loss that you may incur from price fluctuations when you buy, sell, hold and leverage cryptocurrencies.