CZ Announced Binance Will Offer Future Contracts Soon
The leading cryptocurrency exchange Binance will take a new step into Bitcoin future contract trading. Changpeng Zhao (CZ) the CEO of Binance announced that in the Asia Blockchain Summit 2019.
This is huge news for the crypto community and Binance Coin (BNB) holders, recently Binance started margin trading for all users. Binance has upgraded the website UI to a new stylish look (catchy to eyes) named Binance 2.0.
Binance taking this step to cover more number of users in the market. Currently, CME Group is the leading Bitcoin futures contract provider, that has noted an all-time high volume as Bitcoin price surge above $10,000.
CBOE another future contract provides just stop delivering Bitcoin future contract in March 2019. Binance is taking advantage of this situation and trying to make more number of users. The trading pair first only support Bitcoin/USDT pair with a maximum leverage of 20x. More trading pairs and higher leverage will be added in future.
Margin trading is also available on Binance for BNB, BTC, ETH, TRX and XRP.
“Margin trading will roll out to all users first (around July 11 or so), then futures testnet will come about a week after that”
Bakkt platform will start delivering physical Bitcoin future contracts from 22 July. This is a healthy competition between Binance, CME and Bakkt.
