Binance acquires a cryptocurrency exchange and buys Bitcoin futures contracts
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Answer Binance acquires a cryptocurrency exchange and buys Bitcoin futures contracts
The Binance platform has taken a new and important step in the development of futures trading products.
Where announced Binance today announced that it has acquired JEX, a cryptocurrency exchange and futures buying service.
Binance added that it will rename the platform to “Binance JEX” and will provide futures trading services to its clients.
The platform revealed that it will offer the ability to buy perpetual futures contracts (BTC/USDT) with leverage of up to 20x.
The platform intends to launch a competition to test the platform and its services, and 10,000 BNB tokens will be distributed to contributors to the testing process.
Read:Bitcoin fell to its lowest level since 2021, and most of the alternative digital currencies were affected
It seems that the futures market in the cryptocurrency world is starting to gain interest from platforms to compete with BitMEX and Deribit, which are the most famous platforms in the field.
According to a Binance spokesperson, the platform intends to capitalize on its popularity to gain market share.
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