The world’s leading cryptocurrency exchange firm by trading volume, Binance, is intending to enable futures trading for their clients.
In a presentation at the Asia Blockchain Summit in Taipei today, Changpeng Zhao, the founder, and CEO of the exchange divulges the latest announcement on the stage.
Zhao just announced that #Binance will offer futures contracts in his keynote at the @asia blockchain summit #ABS2019 #Taipei #Futures pic.twitter.com/RXlui8YY0V — Binance (@binance) July 2, 2019.
The leading cryptocurrency exchange has even proceeded consciously to comply with regulators and coming up with a US-based exchange offering Bitcoin and other US-approved crypto-assets in the near future.
Binance is now experimenting itself and is preparing to offer Bitcoin Futures contracts at up to 20x leverage in addition to the margin trading the firm recently rolled out the beta version of.
Thereby, the margin trading mechanism for cryptocurrency enables users to borrow money against their existing funds to trade cryptocurrency with this facility on an exchange. One can improvise buying power with this facility when the traders’ predictions are robust, but on the flip side, we like to raise a cause of concern that such arrangements carry corresponding risks as well.
BitMEX is yet another renowned cryptocurrency exchange who allows their users to trade with leverage of up to 100:1, providing traders the opportunity to amplify their gains, as well as potential losses.
Currency Strength Index: FxWirePro's hourly BTC spot index is flashing at 98 levels (which is highly bullish), hourly USD spot index was at -25 (mildly bearish) while articulating at (10:01 GMT).
For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex


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