Binance Launches Futures Trading on its iOS App
Binance, the leading global cryptocurrency exchange by trading volume and users, now supports futures trading on its newly released iOS app. In this release, users with the Binance iOS app can trade BTC/USDT contracts at up to 125x leverage as well as trade ETH/USDT contracts at up to 50x leverage on an industry-leading, fast and robust matching engine, from the convenience of their iPhones.
Last October, Binance also launched futures trading on its Android app, and the latest Binance Android app V1.15.0 is now available for download and updating on Google Play, which also allows users to trade BTC and ETH contracts at their fingertips.
Binance Futures was launched by developers who are dedicated to providing the best trading experience with the highest industry standards. It provides the highest leverage among major crypto exchanges for BTC contracts at 125x and the convenience for traders to adjust leverage between 1 and125. Last week, Binance Futures launched ETH contracts with max 50x leverage, marking the start of its multi-asset exploration. Traders can have highly leveraged trading on the platform while enjoying the protection of a sophisticated risk engine, smart liquidation model and insurance funds.
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). On average, over 60 percent of traders on Binance Futures trade at a leverage of 20x or higher. Users trading at 125x leverage account for 21 percent of total traders, on both desktop and mobile. The conversion rate of web users is over 35 percent, which is double of spot market traders. While high leverage trading is most popular among Binance Futures retail traders, most of its institutional traders--who contribute to 81 percent of the total trading volume--tend to trade at a leverage of 20x or less.
Over 60% of traders trade at a leverage of 20x or higher
“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,” said Aaron Gong, Director of Binance Futures, “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. ”
The Binance mobile apps provide users with 24/7 multi-language customer support, and a safe and easy-to-use platform to trade BTC and ETH contracts on mobile. In addition, traders can access spot and margin trading markets across a wide range of trading pairs on its available apps.
Binance Futures provide traders a platform to hedge positions and manage risks, as well as an opportunity to multiply gains. Learn more about Binance Futures via Binance Academy’s The Ultimate Guide to Trading on Binance Futures, and to start trading, visit: https://www.binance.com/en/futures/BTCUSDT
About Binance Futures
Binance Futures offers perpetual futures for BTC/USDT and ETH/USDT pairs, which serves as a complementary product to the existing BTC/USDT and ETH/USDT spot pairs on Binance. Visit: https://www.binance.com/en/futures/BTCUSDT, or download Binance iOS app on App Store or Binance Android app on Google Play.
About Binance
Binance is a blockchain ecosystem comprised of several arms to serve the greater mission of blockchain advancement and the freedom of money. Binance Exchange is the leading global cryptocurrency exchange by trading volume, with users from over 180 countries and regions. The Binance ecosystem is also comprised of Binance Labs (venture capital arm and incubator), Binance DEX (decentralized exchange feature developed on top of its native, community-driven BNB Chain blockchain), Binance Launchpad (token sale platform), Binance Academy (educational portal), Binance Research (market analysis), Binance Charity Foundation (blockchain-powered donation platform and non-profit for aiding in sustainability), Binance X (developer-focused initiative) and Trust Wallet (its official multi-coin wallet and dApps browser). For more information, visit: https://www.binance.com
Disclaimer:
Risk warning: Buying, selling, holding and partaking in futures trading of cryptocurrencies are activities that are subject to high market risk. The volatile and unpredictable nature of the price of cryptocurrencies may result in significant loss. Binance is not responsible for any loss that you may incur from price fluctuations when you buy, sell, hold and leverage cryptocurrencies.