Other traders can follow these top traders and see what positions they are holding, as well as copy their trades.įor traders who are more competitive, Binance Futures has a battle mode where you can guess whether prices will rise or fall within the next 1 or 5 minutes. These are perpetual or quarterly contracts settled in USDT/BUSD, or cryptocurrency respectively.īinance Futures also has interesting features such as a leaderboard, showing traders with the highest ROI or PNL. Binance Futures offers USDⓈ-M Futures and COIN-M Futures. It has 279 trading pairs and has the second-highest 24-hour trading volume amongst all crypto derivative exchanges. Learn more about crypto futures trading with our guide- Crypto Futures Trading: What is it? What is Binance Futures?īinance Futures allows users to trade crypto futures contracts on Binance. On the other hand, a trader going “short” means they are hoping prices will drop. And if the value of the cryptocurrency does increase, the long trader would profit. Going “long” means that a trader purchases a futures contract expecting it would increase in value in the future. Traders use futures trading to profit from market movements by going either “long” or “short” on a futures contract. What is crypto futures trading?Ĭrypto futures contracts create an obligation for parties to exchange the asset at a predetermined price and date. On most cryptocurrency exchanges, however, the parties can settle for the cash equivalent. The Binance ecosystem includes Binance exchange, BNB Chain, Trust Wallet, Binance card, and other services. It has over 2 billion average daily volume and 72 million site visits daily. Make a deposit into your Binance accountīinance was launched in 2017 and is arguably the world’s most popular centralized cryptocurrency exchange.
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