Binance: Bitcoin Futures platform coming this September

Binance will support BTC/USDT trading pair with a leverage limit of up to 20x.
Trading futures platform will allow customers to either short or long positions.

John Isige FXStreet

The largest cryptocurrency in the world Binance is not just settling for the top position among the crypto exchanges, the company wants to expand its business all over the world. The product that is soon hitting the market is the futures trading platform.

The launch was revealed by the CEO of Binance Changpeng Zhao (CZ) during a scheduled Twitter ask me anything (ASK) session on August 28. Information regarding the futures trading platform was made public in July. At the time, a testnet of the platform had been released

Trading futures platform will allow customers to either short or long positions. In the beginning, Binance will support BTC/USDT trading pair with a leverage limit of up to 20x. More trading pairs will be added to the platform in the future.

This comes after the newly launched crypto lending platform for three altcoins including Binance Coin, Ethereum Classic and USDT. Moreover, Binance is looking forward to the launch of a US dedicated trading platform in November.

Author

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Solana dips as hawkish Fed cuts dampen market sentiment

Solana (SOL) price is trading below $130 at the time of writing on Thursday, after being rejected at the upper boundary of its falling wedge pattern. The broader market weakness following the Federal Reserve’s hawkish rate cut has added to downside momentum.

Pi Network Price Forecast: PI declines as core team offloads 2 million tokens

Pi Network (PI) edges lower by 3% at press time on Thursday, marking its fifth consecutive day of losses. A transfer of 2 million PI tokens from the liquidity reserve, part of the Pi core team wallets, bolsters the bearish sentiment.

Cardano Price Forecast: ADA flips bearish as derivatives markets flout network growth

Cardano (ADA) extends losses by 5% at press time on Thursday, following the 3% decline on the previous day and breaking the local resistance trendline. Derivatives data indicate a bearish shift in the narrative, as Open Interest and the number of active long positions decline.