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Binance Futures Rolls 125X Leverage on Bitcoin Futures Contracts

Per an official announcement by Binance’s twitter handle, Binance Futures has increased maximum leverage on Bitcoin (BTC)/Tether (USDT) contracts to 125x.
Users Can Now Hold 12,500 USDT in Bitcoin
Following the new announcement, traders can now trade with x-125x leverage. Furthermore, they can trade larger positions by adjusting to lower leverage. This will also allow users with 100 collateral deposits on Binance Futures to hold 12,500 USDT in Bitcoin.
Source- Binance 
Binance Futures previously offered up to only twenty-times margin on trading. This was much less than the 100x leverage provided by rival exchange BitMEX. With this feature, Binance Futures now stands at par with BitMEX.
From the CEO’s Desk
Changpeng Zhao (CZ), Binance’s CEO expressed his enthusiasm and said,
The platform has seen increased institutional participation in trading, with professional traders driving the need to introduce cost and performance efficiencies ways to support very fast trades.
He further said that Binance traders not only have the benefits of a risk management system, they also have access to an insurance fund. This, in turn, can help limit the chances of auto-deleverage.
When asked about the risks involved in such high leverage margin trading said, Aarong Gong, Director of Binance Futures said,
The 125X feature was in high demand among customers. In this update, we provide built-in risk controls for traders and have also released a slider bar function, which allows users to choose their leverage between 1x and 125x. Conservative users are invited to set their leverage as low as 1x.
Binance Futures Continues to Record High Volumes
Recently, Binance Futures recorded a volume of $700 M on its BTC USDT Futures on the 15th of October. Binance Futures further recorded its first 24 hr 100K BTC day on the 15th. Furthermore, the futures’ platform recently set a new precedent and traded 16K BTC in an hour, recording the 4th highest in the crypto futures industry. Interestingly, in a span of 5 days, Binance Futures managed to climb up the 3rd highest position. A tweet by AG Binance mentioned how Binance Futures are on a bull run and have already reached No 2 spot in terms of 24-hour volume.
Source- Twitter
What will be Binance’s next developmental initiative? Let us know what you think in the comments below!
The post Binance Futures Rolls 125X Leverage on Bitcoin Futures Contracts appeared first on Coingape .

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