Binance Adds Option to Trade Bitcoin Futures with 125x . Leverage
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Answer Binance Adds Option to Trade Bitcoin Futures with 125x . Leverage
Cryptocurrency exchange Binance has announced the addition of the option to trade Bitcoin futures contracts with a leverage of 125 times.
The Binance platform announced futures contracts last July with its hint of adding a trading option that offers 20 times leverage.
Today, investors can trade futures contracts with leverage from 1x to 125x.
Changpeng Zhao, nicknamed “CZ”, CEO of Binance, said:
We’ve seen an increase in institutional involvement in trading…they are flocking to the option to trade futures contracts offered by Binance.
He adds in his statement:
The market has demanded a product with the highest levels of stability and performance; Now we offer one of these products.
Read:Bitcoin surged 19% in July, the best trading month since 2021
Advertising What’s new from Binance makes Binance’s leverage superior to that of BitMEX.
It should be noted that Nouriel Roubini had previously warned about the leverage offered on cryptocurrency trading platforms and said that it exposes traders to a very high risk.
Binance says its Bitcoin futures contract offers a built-in hedging tool to help traders manage risk.
The announcement of the new feature from Binance came in an atmosphere of great competition over Bitcoin futures
The Bakkt platform entered the arena with its specialized platform in this regard, but it disappointed with its weak start.
Read:Binance platform launches 8 new projects targeting the most important problems of the cryptocurrency industry
Read also:
Officially … the launch of the Bakkt platform for trading bitcoin futures
Opinion: Is Bakkt the Right Solution for the Cryptocurrency Market?
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