Binance Futures Will Launch EOS/USDT Contracts with 75x Max Leverage
Binance, the leading global cryptocurrency exchange by trading volume and users, today announced that it will launch EOS/USDT futures contracts with up to 75x leverage on its Binance Futures trading platform on January 8, 2020. EOS is the fifth digital asset now available on Binance’s fast-growing futures trading platform. The addition of EOS means Binance users will now be able to trade EOS across Binance’s spot, margin and futures markets. By leveraging their digital assets on Binance Futures, traders have the opportunity to amplify potential gains during both upward or downward market movements.
The Binance Futures trading platform debuted last September with BTC/USDT perpetual futures, providing its traders with an opportunity to not only trade with high leverage but also to hedge existing positions and better manage their risk. To meet the high demand of its traders, Binance Futures has continued to add new digital assets on its platform. To date, users can trade BTC contracts with a leverage of up to 125x, the highest among major crypto exchanges, as well as trade ETH contracts, BCH contracts and XRP contracts with a leverage of up to 75x.
“Binance Futures is powered with an industry-leading matching engine that provides traders with stable and frictionless trading experience even in a highly volatile market. Besides, we keep on rolling out new features and introducing new digital assets on the platform, ” said Aaron Gong, Director of Binance Futures. “By introducing major digital assets with strong community engagement, we are driving closer to the mission of building a product for different segments of users. Ultimately, we believe the platform powered by the most powerful matching engine, better product design, and robust risk management mechanism will establish a leading position and earn the most users. ”
EOS is the seventh-largest cryptocurrency by market cap, designed for supporting large-scale applications and at current has one of the largest active crypto communities in the world.
Learn more about Binance Futures via Binance Academy’s The Ultimate Guide to Trading on Binance Futures, and check out here for the fee structure. To start trading, visit: https://www.binance.com/en/futures/BTCUSDT
About Binance Futures
Binance Futures offers perpetual futures for BTC/USDT, ETH/USDT, BCH/USDT，XRP/USDT and EOS/USDT pairs, which serves as a complementary product to the existing BTC/USDT, ETH/USDT, BCH/USDT, XRP/USDT and EOS/USDT spot pairs on Binance. Visit: https://www.binance.com/en/futures/BTCUSDT, or download Binance iOS crypto app on App Store orBinance Android trading 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.