Crypto derivatives platform Binance Futures has just launched BTC/USD quarterly futures contracts with up to 125x leverage.
According to the Binance Futures' official blog, users will enjoy special conditions to trade these quarterly futures until 10:00 CET time, July 10. Taker orders will have a fee of 0.02%, while in the case of maker orders the fee will be 0.015%.
These futures can be traded on the web version of Binance Futures. However, they will soon be added to the mobile version of the platform by the developers.
Quarterly futures are an agreement to buy or sell an asset at a specified price after a period of three months. At Binance Futures, such contracts are executed on the last Friday of a three-month period. The deadline for the first batch of contracts is September 25.
When trading BTC/USD at Binance Futures, users can use up to 125x leverage. The cost of a contract is $100. Trading and settlement are carried out in Bitcoins.
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