Crypto News Update: Binance Exchange Is Set to Launch Futures Trading for Cryptocurrencies

Binance Set-Up Business in 'blockchain-friendly' Bermuda Island

The cryptocurrency space has been getting a lot of attention lately. More investors, firms, and industries are now interested in the crypto space as well as blockchain technology. The digital currency space has seen a significant influx of digital asset investors over the past year. More crypto and blockchain solutions are emerging every day. According to a report on CoinDesk, blockchain technology offers one of the largest employment opportunity across the globe. The industry is growing daily and more use cases are being discovered for the technology.

The emergence of cryptocurrencies and blockchain technology has given rise to many tech companies over the past years. While some of them have come and gone, some have remained and still growing strong. One of the biggest firms that have emerged out of this course is Binance Exchange.

Binance Will Soon Launch Cryptocurrency Futures Trading – Cryptocurrency News Today – Cryptocurrency Market Update – Crypto News Today

Binance Exchange is the largest digital currency trading platform in the world by volume according to CoinMarketCap. Binance is US-based digital currency platform and it is one platform that every digital currency wants to be listed on. According to a recent report by CoinDesk, Binance Exchange is set to launch cryptocurrency futures trading.

The announcement was made during a presentation at the Asia Blockchain Summit that took place in Taipei on Tuesday. During the presentation, the CEO and founder of the exchange – Changpeng CZ – showcased a cryptocurrency futures trading interface on Binance with features including shorts and longs on digital currency assets. The CEO of Binance said:

“Binance will be launching a futures trading platform soon. There is no specific date for the launch yet. The test version will go live in the next couple of weeks.”

In his presentation slide, the CEO of Binance indicated that the leverage could be up to twenty times. He also said that the futures trading will only be available to Bitcoin (BTC) traders initially. The company is yet to announce the date of the launch of the futures trading. However, a spokesperson at the trading platform told CoinDesk that the firm will launch the test version in the next two weeks.

Binance Margin Trading Will Be Available for All Users on the 11th of July – Binance News Update

The news about the crypto futures trading of Binance comes right after the company announced margin trading on the exchange. The firm made the announcement about a week ago. according to the Binance spokesman, the margin trading on Binance will be fully available to all users on the 11th of July or thereabout. The testnet of the futures trading will come a week after the margin trading is rolled out to all users.

Binance Coin (BNB) Price Today – BNB USD Live Price – Binance Coin Price Prediction 2019

Binance Coin (BNB) is the native currency of Binance Exchange. The digital currency is used to process transactions on the trading platform. At the time of writing, Binance Coin (BNB) is trading at $32 after a decrease of about four percent over the past twenty-four hours. The current market cap of the digital currency is $4.52 billion. The trading volume of the digital currency over the past twenty-four hours is $351.51 billion. The digital currency recently tested its all-time high during the last crypto bull run. However, it is currently correcting lower and it might continue its upward trend in the short-term.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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