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).”