Binance futures platform has increased the leverage on Bitcoin (BTC)/Tether (USDT) contracts to 125x.
Support for the contracts went live at 9:00 am UTC with the traders being able to select 1x-125x leverage. The press release stated:
“At 125x leverage, a 100 USDT collateral deposit on Binance Futures will allow users to hold 12,500 USDT in BTC.”
Risk Balancing With Efficiency
High leveraged trading is introduced using a “sophisticated risk engine and liquidation model,”. It is a fast matching engine that “enables continuous margin without any jumps, and ‘mark prices’ for preventing unnecessary liquidations and combatting market manipulation.”
#BinanceFutures Trading Platform Increases Max Leverage to 125x with Built-In Risk Controls for Tradershttps://t.co/CzoCcJoFVk — Binance (@binance) October 18, 2019
The CEO of Binance, Changpeng Zhao (CZ) added that the platform has seen an increase in the participation from institutions where traders of professional levels driving the need to introduce cost and performance efficiencies ways to support fast trades.
The Director of Binance Futures, Aaron Gong, says that there is an increase in the number of traders transferring “in and out from spot to futures during volatile periods.”
Binance Market Maker Program
On Oct. 19 cryptonewspoint reported that Binance US has announced that its customer’s dollar deposits are eligible for Federal Deposit Insurance Corporation (FDIC) insurance coverage.
Earlier in September Binance announced that it is introducing a market program for those users whose monthly volume exceeds 1000 Bitcoin or BTC.
The program is also for those users who have quality market making strategies. The crypto exchange adds that the aim of the program is to add more liquidity to the exchange.
Source: Cointelegraph.com | Image Source: Shutterstock