Trading Platform Launches ETH/USDT Contracts with 50x Max Leverage#Binance Futures traders can trade $ETH with an adjustable leverage between 1 and 50 on desktop and mobile web, with Android and iOS support available very soon.https://t.co/njgnQutHIy
— Binance (@binance) November 29, 2019
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.
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.