Continuing its acquisition of the cryptocurrency market, Binance launches Binance Coin futures
Cryptocurrency "Bainance" will launch Bennance Coin Futures Trading (BNB) on February 10.
With the seventeenth cryptocurrency available at the Binance Futures Trading Branch, Binance Coin is provided with a leverage of 50 times, paired against the stable currency of Tether, Bainance details in a press release issued on February 7 to Cointelegraph.
Binance Coin pumped with the rest of the market
Binance Coin has already rallied several dollars this month, hitting a price of $ 22.16 at the time of writing. Quintelgrave analyst and trader Keith Waring sees the upcoming demand for Binance Queen's own assets.
"Given the trading volumes on Binance, they clearly don't have to sell any of their currencies for revenue," Warring said in a message on Telegram.
“As such, during the upcoming upcoming round, its position as one of the most reliable and safe stock exchanges in the industry ensures an addition to the Binance Coin token, so I expect all other ten assets to outperform if the Bitcoin rally continues.”
Crypto Doug, a digital asset trader and social media personality, also suggested that he was a supporter of Binance Queen in a tweet on February 7, saying: "Is there anyone else who loves Binance Queen?" A crowd of cryptocurrency supporters on Twitter posted a mixed set of positive and negative comments in response.
Binance is growing fast
Binance gained popularity quickly after its launch in 2017. By the summer of 2018, the stock exchange saw more than a billion dollars in trading volume for a day. After a short time, Binance collected $ 78 million in profits in the first quarter of 2019.
The company continued to expand throughout the first half of 2019, as millions of dollars were pumped through the Inbcad Binance platform for several initial exchange offers.
Several months before the launch of the futures trading platform, Binance banned US clients. Since the ban, the exchange has opened a branch in the United States, and the futures trading platform has also grown, hosting Bitcoin futures with a leverage of 125 times, which is much faster than others.
This new offer comes on the heels of the Zee Cash Futures trading launch earlier this week.
Binance launches Binance Coin futures
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