At the second annual Asia Blockchain Summit (in Taipei, Taiwan), Binance CEO, Changpeng Zhao, revealed that his firm “will be launching a futures platform very soon.”
Zhao during his speech talked about Binance’s journey from the launch of its centralized spot exchange on 14 July 2017 to the launch of a Bitcoin-backed BEP32 token (called BTCB) on its native blockchain, the Binance Chain.
He presented a screenshot showing the trading interface for Binance’s upcoming futures trading platform:
On when this platform will be launched, Changpeng Zhao said:
“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.”
From what a Binance spokesperson said to Coindesk, this is what can be deduced:
- Initially, there will be support for only Bitcoin (BTC-USDT).
- Leverage will initially be up to 20X.
- Eventually, support will be offered for higher leverage as well as more pairs.
- The test version of “Binance Futures” will be launched “about a week” after margin trading has been rolled out to all Binance users (this rollout is expected to be complete by around July 11).