Binance gave a few people a sneak peak into its Futures Trading platform A and B and the 24-hour trading volume exceeded $150 million just in the beta mode. Binance is now set for an official launch on September 13. The major cryptocurrency exchange made the announcement via a blog writing:
“Binance is delighted to announce that Binance Futures will go live, starting from 2019/09/13 04:00 AM (UTC).”
The exchange informed that the futures trading platform will be available for trading on September 11, but will rename the Futures A to Binance Futures. It will be available on Binance’s official website, while Futures B will be an independent platform.
The trading volume of the Futures platform will also be included in the quarterly BNB burn. The platform kickstarts tomorrow and would offer a 50% discount to all users on trading fees for the first three months. Additionally, the users who participated in the Battle for Binance Futures competition and voted for the Binance Futures Platform A will receive a total discount of 75% on trading fees for the first month.
Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.