Binance (BNB) Futures Trading Volume Spikes,Surpasses BTC Futures

Olowo by Olowo - 06:19 AM Oct 12, 2019
Binance (BNB) Futures Trading Volume Spikes,Surpasses BTC Futures

Binance futures trading volume has spiked in recent days and overtaking BTC futures a the top crypto futures. Binance CEO Changpeng Zhao shared a tweet where he expressed his delight in this new development.

Liquidity on Binance Futures is on the rise which indicates the current spate of growth for Binance and its token Binance Coin (BNB). Binance which is the largest crypto exchange in the world has been actively promoting its Futures trading platform.

Binance Currently Running $10000 BNB FuturesĀ  Competition

Binance CEO Changpeng Zhao had earlier announced that the crypto exchange would be launching a new bounty initiative worth $10,000 for its Binance Futures traders.

In a series of tweets, Zhao revealed that the exchange has earmarked $10,000 in prizes for the lucky winners of the competition dubbed Binance Community Contests.

Binance further explained the competition on its website that the exchange had airdropped $10,000 in BNB for some set of users that would be selected after passing a series of criteria for the competition.

Binance has informed interested individuals who understand the workings of the platform to make a video instructing newbies on trading within the platform. According to Binance this tutorial must be made and submitted to the respective portal.

The bet 10 videos would be selected by a special Binance panel for the semifinals and made available on its Youtube Channel.

Binance plans to reward the best video presentation with $5,000 in BNB while the second and third places receive $2000 respectively. Binance would reward the remaining seven semifinalists with $200 each.

Binance Continues To Be The Frontrunner In The Crypto Exchange Industry

Binance continues to lead at the forefront as the top crypto exchange in the world. It supports a large number of coins and has been the leader in new innovations such as the crypto lending initiative which began last month.

In addition, the crypto exchange has been quick to adapt to growing regulations by government regulations across the world. It had earlier announce the launch of which is its branch of exchange that would serve its users from the US.

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OlowoI am olowoporoku adeniyi, writer, editor and crypto evangelist, with five years experience in the Blockchain industry.