Binance, the leading global cryptocurrency exchange by trading volume, is launching BNB/USDT contracts with 50x max leverage on its Binance Futures trading platform. BNB will be the 17th digital asset to be added to the futures trading platform and will be available for trading on February 10, 2020, at 08:00 am (UTC).
Binance Futures has continued to introduce new trading pairs and advanced functionalities since its launch in September 2019, resulting in the steady growth of retail and institutional investors trading on the platform. This has strengthened Binance’s position in the crypto derivatives market, establishing Binance Futures as the preferred platform for traders to hedge positions and capture investment opportunities during upward and downward market movements. On January 14, it hit a record high daily trading volume of USD$3.46 billion.
“After the success of our initial BTC contract, we have focused on bringing Binance’s signature trading experience to all newly added pairs,” said Aaron Gong, Director of Binance Futures. “We’ve introduced 16 altcoins to our platform as of today and have seen excellent growth in our altcoin trading volume, with some pairs quickly taking the number one spot in the futures market. The BNB contract has been a highly-demanded product and will continue to grow the industry impact of Binance Futures trading platform.”
BNB is the native asset on Binance Chain. The BNB token has more than 180 use cases worldwide and powers the Binance Ecosystem as its underlying gas. More than 2.5 million crypto users are holding BNB on Binance.com. By launching BNB contracts, Binance Futures allows token holders to trade the asset in a more flexible way.
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 17 of the most liquid digital assets, which serves as a complementary product to the existing spot pairs on Binance. The futures trading platform offers 125x max leverage for BTC contracts, which is the highest among major crypto exchanges. Visit: binance.com/futures, or download Binance iOS crypto app on App Store or Binance 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.