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Binance Adds Quarterly Futures Available Now

Binance Loans Kicks Off with Interest Discounts
Binance Loans Kicks Off with Interest Discounts

Binance, the world’s largest cryptocurrency exchange in terms of trading volume, has added Bitcoin/USD Quarterly Futures which house leverage up to 125x, according to a blog post from the group.

These Futures are available now on the Binance Futures platform, though mobile users will have to wait a little bit longer.

“As part of this launch, users will receive 30 days of maker fee rebates and enjoy as low as 0.020% in taker fees when trading on the BTCUSD Quarterly Futures Contract from 2020/06/11 08:00 AM (UTC) to 2020/07/10 08:00 AM (UTC),” the blog post notes.

Users will also need a Binance Futures account which is a little different than a traditional account on the exchange.

The blog post details some differents to Quarterly Futures as compared to other ones:

“The BTCUSD Quarterly Futures Contract is Binance’s first derivative contract with a set expiration and settlement date. The contract is settled in the denominated BTC asset and will expire on the last Friday of the corresponding three-month period. The BTCUSD quarterly futures contract is labelled “BTCUSD Quarterly 0925”, indicating that the expiration date is set for 2020/09/25 8:00 AM (UTC).”

In recent Binance news, the exchange has recently been put at the top of the CoinMarketCap list of exchanges, which some believe was a paid promotion.

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