Cryptocurrency exchange Binance plans to launch its own futures platform in the coming months, The Block reports today citing Changpeng Zhao, the exchange CEO. He said:
"Binance is planning to launch a crypto futures trading platform with up to 20x leverage, and a test version could roll out in about two weeks from now."
The platform will initially offer futures for BTC/USDT trading pairs with a leverage of up to x20. Binance has said it will add support for more assets as well as the possibility to trade with a higher leverage in the future.
Binance's strategy director, Jin Chao, has recently stated that the exchange is working to offer its clients margin trading with a leverage higher than x5 but lower than x100.
Bitfinex also intends to release its own derivatives. To do so, the crypto exchange has just launched a major update. The platform is expected to allow a maximum leverage of x100.
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