Binance AMA – Future Contract Trading Start in September

On Aug 28, 2019

The leading Cryptocurrency exchange Binance announced that future contract trading will start very soon in September. CZ announced this in the AMA section held today morning (28 August).

Future contract trading is not available for all users initially. The testing of future contract trading will start in September and will be open for all users when everything goes fine.

A user asked about the listing of BNB (Binance coin) on Coinbase, CZ replied to that maybe one day BNB will be listed on all major exchanged.

“We’ll see. Maybe one day, hopefully. Careful what you wish for.”

CZ also give update on the Binance US exchange, said that the exchange is almost ready and we are in final stages of local banking partners. CZ further added:

Conceptually, it feels very simple (just copy the system and launch it). In reality, there is actually a lot of different work involved.

Binance recently announced the lending program for BNB, USDT and ETC. The annual returns for the first phase are 15% for BNB, 10% for USDT and 7% for ETC.