ALTCOIN, BITCOIN, BLOCKCHAIN

Binance Confirms Crypto Futures Trading with 20x Leverage

During the Asia Blockchain Summit in Taipei, Binance CEO Changpeng Zhao gave audience members a sneak peak of the company’s upcoming futures trading interface.

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Changpeng Zhao

“Binance will be launching a futures platform very soon,” stated Zhao.

“I don’t have the exact date yet. The simulation test version will be live in a few weeks.”

Discussing a screenshot of the interface displayed on stage, Zhao added:

“This is an actual screenshot of the working system. So Binance futures is coming.”

Leverage up to 20 times will be offered on just bitcoin (BTC) initially.

Last month, Binance released their margin trading platform, which will be rolled out to all users on July 11, with the futures testnet coming approximately one week after.

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