Binance Futures Is Launching Binance Coin (BNB) Futures Contracts

On Friday (February 7), digital asset exchange Binance announced that its futures trading platform, Binance Futures, which went live in September 2019, is soon launching BNB futures.

Until today's announcement, Binance Futures had launched 16 perpetual contracts: BTC/USDT, ETH/USDT, BCH/USDT, XRP/USDT, EOS/USDT, LTC/USDT, TRX/USDT, ETC/USDT, LINK/USDT, XLM/USDT, ADA/USDT, XMR/USDT, DASH/USDT, ZEC/USDT, XTZ/USDT, and ATOM/USDT.

The new product has a maximum leverage of 50x, and it is being launched at 08:00 UTC on 10 February 2020.

Aaron Gong, Director of Binance Futures, had this to say:

"After the success of our initial BTC contract, we have focused on bringing Binance’s signature trading experience to all newly added pairs. We’ve introduced 16 altcoins to our platform as of today and have seen excellent growth in our altcoin trading volume, with some pairs quickly taking the number one spot in the futures market. The BNB contract has been a highly-demanded product and will continue to grow the industry impact of Binance Futures trading platform."

BNB is the native token of Binance Chain. Last month, Binance Research released a report titled "2019 - Annual Crypto-Correlations Review" that stated that "BNB was the best-performing asset (+128%) of the - on median - largest ten cryptoassets by market capitalisation over 2019."

Featured Image Courtesy of Binance