Binance, one of the world’s leading cryptocurrency exchanges, has announced its first Bitcoin futures contract, which expires on the quarter end date.

The contract is already available in the interface of the Binance derivatives and futures trading platform (Binance Futures).

BTC/USD Quarterly Contract on Binance:

Binance officially launched its first cryptocurrency futures contract with a predetermined expiration date, and the contract that Binance launched this new option, is a quarterly BTCUSD futures contract that traders can handle with a leverage of up to 125x.

The new contract as mentioned above is already available on the derivatives and futures trading platform (Binance Futures), but it is not available on the Binance mobile version, and may be available at a later time.

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According to what he said Advertising Binance includes:

A pre-set expiration date denominated Bitcoin contract was launched on the last Friday of the next three month period.

The new contract is available for trading and bears the name “BTCUSD Quarterly 0925”, and from its name it is possible to know its expiry date set on 09/25/2020 at 8:00 am UTC

Users will get a 30-day rebate of the contract student fee (MAKER) and pay 0.020% of the trader’s fee when trading this contract from June 11 through July 10.

The main difference of the new contract with the perpetual contracts already available on Binance Futures is the pre-set expiration date.

Bitcoin derivatives are constantly growing:

At this point, it is clear that the Bitcoin derivatives market has attracted many trading platforms and made them offer a variety of products in this area.

According to the monthly trading report of Binance Futures, the trading volume on the platform has been constantly growing for four consecutive months.

In May alone, Binance Futures saw $137 billion in trading volume, up 37% from April.

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But trading volume fell after the bitcoin reward halving event, as the bitcoin price was consolidating in a relatively narrow range.

Interest came back after the split, which at the time indicated that market participants were expecting more volatility.

The performance of Bitcoin was good after the event of the third Bitcoin reward split in the history of Bitcoin, as the price of Bitcoin rose from about 8850 dollars to 9800 dollars, dropping yesterday towards 9300 and settling around it at the time of writing this article.

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Four Key Points About Global Bitcoin Trading Volume