Binance Plans to Launch Futures Trading in U.S. through Buying Licensed Firm

Wednesday 05 August 2020, 12:19 AM AEST - 1 month ago

Binance Futures has long been looking for ways to expand to the U.S. Now it may acquire a licensed firm to ensure conducting futures trading there.

Crypto exchange Binance is considering the launch of the futures trading platform in the U.S. According to anonymous sources, to do that, Binance would possibly acquire or partner with a licensed company.

Binance Futures is the fastest-growing crypto-derivative exchange by trading volume. To date, its proven matching engine is unparalleled, it has the most stable and fastest matching engine in the industry. Binance Futures currently offers the highest leverage of 125x margin among major crypto exchanges, making it one of the most competitive products in the market. Rapidly expanding its geography, Binance Futures has long been looking for ways to expand to the U.S. Now it may acquire a licensed firm to conduct futures trading there.

Binance is warning about risks related to futures trading but promising to make the process safer and easier.

Binance Futures Categorization

Today, Binance has announced new product categories for its range of perpetual and quarterly futures to highlight the use of Bitcoin and altcoins as settlement currencies. Now, contracts are divided into COIN-margined Futures (include quarterly and perpetual futures) and USDT-margined perpetual futures.

Binance CEO Changpeng Zhao explained:

Our combined COIN- and USDT-margined futures volume hit a daily all-time-high of $13 billion last week and we will continue to offer users the best experience and range of products on our trusted trading platform. Unlike with traditional markets, inverse cryptocurrency contracts are intuitive because of the nature of digital assets.

He further said:

There are also traders who use coin-margined futures to hold cryptocurrencies for the longer term. We should embrace these facts, as it helps strengthen our industrys standing.

In addition to the categorization, Binance Futures is rolling out ETHUSD Quarterly 1225 futures contract, with trading

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