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Binance Announces Dual Testnet Platforms For Crypto Futures Products
Binance has announced two Testnet Platforms for cryptocurrency futures products to better serve their users. They reckon that the new attempt likely to facilitate users the liberty to explore each product and its offerings ahead of the official Binance Futures launch.
A total of 10,000 BNB would be given away to users who participate in testing both Futures Testnet Platforms.
At the end of the competition period, the mainnet version of the platform with the most votes will provide a 50% trading fee discount to its testnet voters for a full month.
Of late, Crypto-derivatives markets, especially OTC players are evolving as couple of start-ups as well as some regulatory bodies have come-up with the wide range of derivatives products, such as, various futures, options and swap products for cryptocurrencies.
For instance, Binance’s strategic alliance leads to investment flow to acquire minority stake in Crypto-Derivative Exchange, ‘FTX’, their M&A deal between ‘Binance and Indian crypto-exchange WazirX’ have kept them in limelight.
In addition, they have announced that they are now supporting perpetual contracts for LINK/USDT, facilitating leveraged cryptocurrency trade (upto 75x) for the active investors.