Binance futures trading platform has been riding high weaves. As reported earlier, the trading platform saw trades of $7,000 million on October 15th. Now the platform has announced to up the leverage of BTC/USDT futures from 20 times to 125 times. Binance launched its futures trading platform last month, and it is already ranked at number 2 in terms of trading value.
CEO Zanpeng Zhao said that that the platform has seen increased institutional participation in trading. Aaron Gong, Director of Binance Futures, informed that the platform was seeing higher numbers of traders transferring “in and out from spots of futures during volatile periods.
He further added that in the fourth quarter of this year, they would roll out new major features that address community feedback, including several other developments to enhance user experience. Binance just had the second-best financial quarter as the exchange earned around $185 million in Q3 2019.
