Binance Launching Bitcoin and Crypto Futures Trading for All Users Today
The leading crypto exchange Binance is rolling out its Bitcoin futures trading platform to all of its users today.
Until now, the platform was reserved for certain customers by invitation only in a brief beta test.
In the first 24 hours of that test, Binance reported “overwhelming” demand with $150 million in trading volume.
At first, the platform is supporting Bitcoin futures paired with USDT (Tether). Users can opt for up to 20x leverage.
Fees on the platform are to be paid in Binance Coin (BNB), with trading fees reduced by half for the next three months.
The exchange says it will launch more coins in the future, but has not revealed which additional crypto assets it may support.