Binance Futures:
Key Features
Leverage: Binance Futures offers leverage, which allows traders to open positions much larger than their initial capital. The leverage varies depending on the contract, ranging from 1x to 125x.
Contracts: There are different types of futures contracts available:
Perpetual Contracts: These do not have an expiration date, allowing traders to hold positions indefinitely.Quarterly Contracts: These have a set expiration date, usually every three months.
Wide Range of Cryptocurrencies: Binance Futures supports a variety of cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), and many altcoins.
Risk Management Tools: Tools like stop-loss, take-profit, and different order types (e.g., limit, market, stop-market) are available to manage risk.
Trading Interface: The platform provides a comprehensive trading interface with advanced charting tools, technical indicators, and real-time data to help traders make informed decisions.
Security: Binance Futures incorporates several security measures, including cold storage for funds, two-factor authentication (2FA), and anti-phishing codes to protect user accounts.