Binance, the major cryptocurrency exchange, now supports Bitcoin (BTC) futures trading on its new iOS application.
#Binance Futures Hits $2.7B All-Time High as Firm Adds Futures on iOShttps://t.co/kvrQ8On7CRhttps://t.co/ML5LXm85kS — CN 🚀📫💡 (@_cryptoNole) December 9, 2019
On December 9, it has been reported in a blog post that after Binance initially launched its two futures testnet platforms on September 2, the exchange now allows its users to trade Bitcoin and Ether (ETH) futures contracts through its newly released iOS application.
According to the firm, Binance iOS app users can now trade BTC/USDT contracts at up to 125x leverage, while ETH/USDT contracts are capped at 50x leverage.
However, the company noted that the news comes after Binance launched futures trading on its Android app in October 2019. Bitcoin and Ether futures trading are now also available on Android.
Since Binance started rolling out Bitcoin futures trading in September 2019, its daily trading volume on the Binance Futures platform reportedly hit an all-time of than 370,000 BTC.
The blog post reads:
“Within its first two months of operations, Binance Futures reached an all-time high (ATH) daily trading volume of more than 370,000 BTC (approximately $2.7 billion USD at date).”
Aaron Gong, the Director of Binance Futures, said:
“Binance Futures is embedded with the fastest and most robust matching engine to ensure a consistently smooth and stable trading experience, with capacity of hosting one million traders simultaneously without sacrificing user experience.”
He added:
“Our builders continue to push forward, releasing the potential of the trading platform and striving to gain dominance in crypto derivatives market. In our continuous efforts to improve the product, we have been rolling out new major features in the past two months and will continue to release new major updates with more innovative functionalities. ”
<img src="https://i1.wp.com/www.cryptonewspoint.com/wp-content/uploads/2019/12/businessman-using-a-mobile-phone-to-check-stock-market-data-1071244296-f01132df481f4f738d9c9ed013ffd74e-scaled.jpg?fit=1024%2C683&ssl=1" alt="" class="wp-image-6898 lazyload" width="504" height="335" />
In mid-September, users reported that 24-hour trading volume of Binance Futures exceeded $150 million denominated in Tether.
Thus, by mid-October, the platform set another futures trading record of $700 million.
Source: binance.com | cointelegraph.com