Futures trading soon to be launched by the world’s largest cryptocurrency exchange by trading volume, Binance. 20X Leverage Crypto futures trading released in July by Binance Exchange.

Founder and CEO of the exchange, Changpeng “CZ” Zhao showcased a futures trading interface on Binance with features including longs and shorts on crypto assets. The showcasing occurred at a presentation at the Asia Blockchain Summit in Taipei in June.

“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,” he said, and added as he referred to the screenshot of the interface shown on the stage:

“This is an actual screenshot of the working system. So Binance futures is coming.”

20X Leverage Crypto futures trading released in July by Binance Exchange. In his presentation slide CZ indicated that the leverage could be up to 20 times! Initially, it will be offered for trading on bitcoin. A Binance spokesperson told a media outlet that the company was planning to launch the test mid-July.

The firm rolled out margin trading on the platform in May. The futures trading feature followed.

“Margin trading will roll out to all users first (around July 11 or so), then futures test net will come about a week after that,” the spokesperson added.

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