Binance, the leading global cryptocurrency exchange by users and trading volume, today announced users can trade futures against BTC on its Binance Futures trading platform via the Cross Collateral feature, positioning it as the first among major crypto exchanges to use multiple digital assets as collateral.
Binance Futures launched the Cross Collateral feature in early February, initially allowing users to trade futures against BUSD. With the addition of BTC, users can borrow USDT at zero interest with BTC from their Binance spot wallets as collateral and trade against 24 digital assets on the futures trading platform, without the need to sell the assets or transfer to their futures wallets. This marks a momentous step Binance Futures is taking toward its mission of addressing user demands.
“BTC is one of the most recognized digital assets among crypto users both as an investment instrument and as a trading tool. By adding BTC as collateral under the Cross Collateral feature, Binance Futures allows our users to capture the opportunity of profiting from the upward and downward price movements without selling BTC at a compromised price.” said Aaron Gong, VP of Binance Futures. “We will continue to enhance the Cross Collateral feature and support more coins in the future. ”
Binance Futures gained momentum soon after its launch six months ago and has established it as a preferred hedging venue for institutional and retail traders. Users can trade BTC at a max 125x leverage, as well as BNB and other altcoins with up to 75x leverage. On March 9, 2020, it reached a record high daily trading volume of USD 5 billion.
About Binance Futures
Binance Futures offers perpetual futures for 24 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.
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.