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Binance Crypto Exchange to Launch Futures Contracts Soon

 Binance Crypto Exchange to Launch Futures Contracts Soon
Binance Crypto Exchange to Launch Futures Contracts Soon

Binance, one of the leading crypto-only exchanges, continues to innovate, with the addition of futures contracts coming soon.

The news, announced by Binance CEO Changpeng “CZ” Zhao, was shared during a crypto conference in Taipei. By adding futures, Binance will compete with BitMex, one of the few markets offering futures contracts.

Futures allow traders to make bets on future price movements and oblige the parties to buy or sell an asset at a predetermined price. Futures may offset some of the risk inherent to volatile (BTC) market…

This article appeared first on Cryptovest

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