Binance Exchange to Launch Futures Trading in September


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.”

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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