Binance to Soon Launch Futures Contract
Asia Blockchain Summit or #ABS2019 is held at Tapei, Taiwan wherein leading crypto companies including Binance, TRON, Litecoin, BitMex debuted their presence. During his keynote panel, Changpeng Zhao/CZ talks about futures trading interface that will soon be rolled on Binance exchange. This was first shared by Binance exchange via its Twitter account.
Although he didn’t reveal the specific date of launch, he shared the plan of launching a platform for futures trading with features including longs and shorts on crypto assets. He presented the screenshot of upcoming future contract’s interface and by pointing at that – CZ explained;
This is an actual screenshot of the working system. So Binance futures is coming. He stated “Binance will be launching a futures platform very soon. I don’t have the exact date yet. The simulation test version will be live in a few weeks.
At the initial stage, the exchange is set to offer to futures trading on Bitcoin (BTC) – he further added that the leverage could be up to 20 times. As CZ said ‘few weeks’, it’s expected to see the launch of Binance futures trading after two weeks.