Binance Launches Leveraged ETH/USDT Futures Trading

via QuoteInspector.com

A week after adding Ethereum-Tether (ETH/USDT) perpetual contracts to its futures testnet, Binance has pushed the new leveraged pair to its main platform.

According to the recent announcement, users can now buy and sell ETH/USDT contracts with up to 50x leverage, with Android and iOS support available soon.

“Binance Futures has proved to be one of the most desirable products in the market, allowing traders to hedge positions and manage risk,” said Binance CEO Changpeng “CZ” Zhao. “The platform remains stable despite high market volatility. In the first two months of its launch, Binance Futures has been breaking its own records in trading volumes, and has witnessed the growth of professional traders. Binance Futures is a relatively new product, so is the crypto derivatives industry. We are committed to driving product innovations and growing our industry.”

While these contracts allow traders to ratchet up returns, CZ has been vocal in cautioning the average trader from using high leverage.

American investors unable to trade on the Binance Futures platform can earn $30 by signing up for Binance.US using this link.

More: Binance Futures Trading Platform Launches ETH/USDT Contracts with 50x Max Leverage
Previous: Binance Adds ETH/USDT Futures With up to 50x Leverage to Its Testnet

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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