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

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.

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 industry’s standing.”

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

Binance is constantly expanding not only the range of its services but also its geography. This year, Binance has already established joint partnerships with leading global partners to create fiat-to-crypto trading platforms in Singapore, Korea, Uganda, Jersey, and the United States, with Binance UK currently under incubation. Recently, it opened a new entity in Australia. According to Binance, the platform will provide its Australian users with a fast, secure, and reliable platform to buy and trade digital currencies with the Australian Dollar (AUD).

Besides, Binance officially introduced the Binance Card in the Europe and UK market. The card will enable users to convert their digital assets to fiat instantly at over 60 million merchants across 200 regions worldwide.

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

Similar to Notcoin - Blum - Airdrops In 2024

origin »

334 +