Binance increases BTC futures leverage to 125x
|The battle of exchanges is hotting up as Binance has upped its BTC futures leverage to 125x on its Bitcoin-Tether futures starting today.
The platform was only started one month ago and offered an initial 20x leverage to punters.
Now this means users with deposits of USD 100 USDT on Binance Futures can hold up to 12,500 USDT in Bitcoin.
Binance now offers the highest leverage in comparison to its rival platforms like derivatives giant BitMEX which offers 100x leverage.
Binance CEO Changpeng Zhao (CZ) has said that the offering has already increased business as:
“The market has been demanding a product with superior stability and performance; now we are providing one.”
Director of Binance Futures, Aaron Gong also commented saying:
“The liquid and easy to use spot market, as well as the simple process to transfer capital between spot and futures provides traders with the most efficient manner to trade in both markets. We’ve seen continued improvement in our volume and market share, and we expect to see further gains in the coming months.”
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