The Currency Analytics
By Dan Saada
Binance has rolled out an Ethereum Futures platform that provides for 50 times leverage. Thus, traders will be able to bet for or against the future price of Ether.
The exchange is providing for 50% trading fee discount on all the Binance Contracts until December 13, 2019.
Binance clarified that trading “BTC/USDT and ETH/USDT perpetual contracts” is similar to trading “BTC/USDT and ETH/USDT trading pairs” in the spot market.
The Binance team further stated, “Binance allows for highly leveraged trading using a sophisticated risk engine and liquidation model.
The futures trading volume of Binance has been increasing steadily. The current daily futures BTC volume is at 185,835 Bitcoin is worth $1.4 Bitcoin.
CZ (Changpeng Zhao), CEO of Binance, stated, “Binance Futures is a relatively new product, so is the crypto derivatives industry.
Binance, along with TravelbyBit, has created travel reward cards, which are backed by the cryptocurrency.
Airline acceptance of cryptocurrency will soon be a reality. Co-founders of Scandinavian air carrier Norwegian Air have recently stated that they will be launching their…
WarizX, Indian Cryptocurrency Exchange, was acquired by Binance in the past week. Thus Binance is providing support to purchase Bitcoin and Cryptocurrencies using the…
Binance CEO stated that he was not concerned about the regulatory stance of the Bitcoin in India.
Wazirx CEO Nischal Shetty, stated, “Binance believes in the scope of Crypto in India.” While purchasing of Bitcoin using INR is permitted, Binance does not provide for…