Binance Exchange Is Launching Crypto Futures Trading Platform

In the Asia Blockchain Summit at Taipei, Binance CEO, Changpeng Zhao announced that the exchange will start offering futures contracts.

During a presentation at the event, he showcased a futures trading interface on Binance with features including longs and shorts on crypto assets.

CZ claimed Referring to the screenshot of the interface shown on the stage, that : 

“Binance will be launching a futures platform very soon. I don’t have the exact date yet. The simulation test version will be live in a few weeks”. He further added, “This is an actual screenshot of the working system. So Binance futures is coming.”

He also pointed out that leverage could be up to 20 times and will be offered for trading on bitcoin initially. However, the release date is not yet fixed but, according to coindesk reports, the platform plans to launch the test in about two weeks from now.

Further, the announcement received various responses from the crypto influencers, traders and crypto ethicists via Twitter. 

Anthony Pompliano tweeted :

On the other hand, US users mostly ask if they will be able to participate or express their disappointment directly. Whereas, others are either very excited or showing apathy.

There were also positive responses from  many users appreciating the project

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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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