Binance, the leading global cryptocurrency exchange by trading volume and users, today has launched BCH/USDT futures contracts with up to 75x leverage on its Binance Futures trading platform. BCH is the third digital asset now available on Binance’s fast-growing futures trading platform, furthering its position as a major player in the crypto derivatives market.
Last September, Binance debuted its futures trading platform for BTC contracts allowing traders to hedge positions and manage risk, giving them an opportunity to multiple gains using leverage. Traders can trade BTC with a leverage of up to 125x, the highest leverage among major crypto exchanges. Three weeks ago, Binance Futures launched ETH/USDT contracts at up to 50x leverage. Starting today, traders will be able to trade ETH with a leverage of up to 75x.
Developed by a team dedicated to expanding services in the best interest of its traders with innovative functionalities, Binance Futures has grown into one of the most popular platforms for highly leveraged trading. At the heart of its futures product is a robust matching engine that provides seamless trading in market peaks. Its built-in risk management solutions give users extra protection. The low taker fee structure of Binance Futures provides an edge in attracting heavier takers, which has proven to be an integral factor in positioning Binance Futures as the source of BTC price discovery and shaping global futures trading trends, with a growing number of institutional and retail traders alike trading on the platform.
“In the first three months of operation, Binance Futures has witnessed the continuous growth of institutional traders. The platform is moving fast, from product updates, traders, market shares to industry impact. We’ve noticed that BTC price is moving first on Binance Futures, capturing more and more traders to migrate to the platform and get a better chance of executing trading strategies in their favor,” said Aaron Gong, Director of Binance Futures. “We are excited to keep up the positive momentum and will continue to address various needs of our users by launching additional digital assets and bringing more functionalities.”
BCH is one of the most accepted crypto in the community. Data shows that the number of BCH retail transactions in Australia alone from September through October 2019 has outpaced its counterparts by a wide margin. By launching BCH/USDT contracts, Binance Futures is providing BCH adopters one more option to utilize the asset and driving massive crypto adoption across the world.
About Binance Futures
Binance Futures offers perpetual futures for BTC/USDT, ETH/USDT and BCH/USDT pairs, which serves as a complementary product to the existing BTC/USDT, ETH/USDT and BCH/USDT spot pairs on Binance. Visit: https://www.binance.com/en/futures/BTCUSDT, or download Binance iOS app on App Store or Binance Android app on Google Play.
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.