Cryptocurrency exchange Chief Executive Officer (CEO) Changpeng Zhao revealed that the platform will launch futures trading next month.
In an Ask Me Anything on Twitter, Zhao said, “We added more assets, added Referral 2.0. First I wanted to talk about staking and have added 5 new tokens for staking.
Last month, Binance had announced that they were set to launch margin trading soon. At the time, a press release from the company had said as part of Binance’s effort to help push the industry forward and freedom of money, the company was expanding its trading possibilities, similarly to existing leveraged trading features on traditional markets.
Founder of Binance, Changpeng Zhao (CZ) said, “This is another step in providing an inclusive cryptocurrency trading platform catering to the needs of both advanced institutional traders and retail traders under the same roof. We are providing a new tool in the financial services and cryptocurrency markets to help amplify trading results of successful trades.”
Previously, CZ had announced the exchange’s plan to launch margin trading. While he was delivering a speech at the 2nd Annual Asia Blockchain Summit 2019, CZ said that the exchange would soon offer futures trading for cryptocurrencies on the platform.
News portal CoinTelegraph noted that while CZ did not specify a date for launch for the new “Binance Futures” trading platform, a simulation test version is expected within a few weeks. The CEO also revealed that the platform would eventually support both long and short trading contracts for different cryptocurrencies.
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