During an “ask me anything” session held on Aug. 28 , CEO of Binance exchange, Changpeng Zhao revealed that the platform will launch futures trading in September.
As per the reports from Cointelegraph, Zhao announced that the company plans to launch a futures trading platform. Basically, with initial support for BTC/USDT contracts at a leverage of up to 20x. However, CZ did not indicate the exact launch date for the new “Binance Futures” trading platform. But, a simulation test version was expected to launch within a few weeks. Apart from this, the platform also announced its focus on the staking business.
Additionally, CZ also claimed that Binance has invested in two undisclosed futures platforms. While one of them was described as “more of an acquisition,” the other one was “developed together with a team”.
He further stated that “both the platforms are kind of ready,” he also added that the company has not quite decided which of them to release yet, and that they may in fact release both because “they are slightly different products.”
CZ said :
“Futures is coming very, very soon, definitely some time in September,” before adding that both platforms are “very competitive in terms of features” and that more news will be coming about this “very soon.”
The CEO also confirmed that they’re still on track with their IEO schedule. Previously, Zhao announced that they are planning to launch 5 projects in the next 3 months.”