With all the negative publicity of the Shanghai office, the Binance exchange has some positive news for the crypto market. The exchange has launched the ETH/USDT futures contract with a range of 0 to 50x leverage. The futures contract are live now, however, on the Binance Testnet. The team got onto twitter to announce the positive news.
Binance Co-Founder, Changpeng Zhao commented, “Better get rekted on the testnet.” He claims that many contracts are on their way. So play with the testnet contracts and understand the concept better. Recently Binance also acquired Indian crypto exchange, WazirX.