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Binance Futures Review, Month 10: Bitcoin is a little quiet, Altcoin Season is here, and #BinanceTurns3

In this monthly review, Binance Futures VP Aaron Gong looks at how Binance Futures is now a leading platform for altcoin futures contracts as altcoin volumes reached an ATH of 61.51%. Keeping up with the Altcoin demand, we’ve added 6 new contracts this month, taking our total perpetual contract offerings up to 32. All while #BinanceTurns3!


Dear Binancians, 

As Binance celebrates turning 3 and we enter the second half of 2020, it seems like altcoin season has arrived. While BTC volatility is at a low ebb, altcoin volume reached an ATH of 61.51% on July 9th of total Binance Futures volume. That is nearly triple the ratio from the previous month. Notable standouts include ADA, LINK, and VET.

Whether it’s due to increased adoption of Chainlink’s oracle solutions or the much-awaited Cardano platform’s upcoming update, the variety of these altcoins and the projects that they represent can be seen as a positive sign of our ecosystem’s growth. 

To keep up with the increasing demand in the Altcoin space, we’ve added 7 new contracts this month, taking our total perpetual contract offerings up to 32. 

Contract 

Inception

Leverage

ALGOUSDT

June 16th

50x

ZILUSDT

June 18th

50x

KNCUSDT

June 22nd

50x

ZRXUSDT

June 24th

50x

COMPUSDT

June 30th

50x

OMGUSDT

July 2nd

50x

DOGEUSDT

July 11th 

50x 

In our 10th month since launch, we’ve hosted 3 different campaigns to engage the communities of LINK, ONT, and ALGO. User interest and big returns have helped make Binance Futures the go-to destination for altcoin futures contracts.

Here are some more updates:

Which altcoins or additional features would you like to see added next?

- AG, VP of Binance Futures