Binance, earlier in July had hinted towards allowing 20x leverage on Futures platform. Now, the Binance futures exchange increased the leverage to 125x with the launch of bitcoin (BTC)/tether (USDT) contracts. Users can adjust leverage between 1x or 125x.
Binance CEO Changpeng Zhao announced on Twitter on Friday, Oct 18, 2019. Additionally, Binance API is also available to trade with this adjusted leverage. Users can trade up on Binance to 125x leverage from their blog/website with the help of API. The crypto industry reacted differently.