Major crypto exchange firm Binance is reportedly set to introduce Binance Coin (BNB) futures trading feature on February 10th.
Specifically, Binance – the 17th digital coin facilitated by Binance’s futures trading division – BNB possess a 50 times uplift in leverage, paired against the famous Tether-developed stablecoin, USDT.
Binance’s BNB coin has been successful in climbing the rank this week, value-wise, landing at the $22.16 benchmark at press time, with foreseeable interest in the BNB asset on the rise.
“As such, during the forthcoming bull run, their position as one as one of the most trusted and secure exchanges in the space guarantees to add demand to the BNB token, so I expect it to outperform all other top 10 assets if the Bitcoin bull run continues.”
Binance has been attracting attention rapidly since its release 3 years ago (2017). By summer 2018, the exchange platform provided facilitation for a significant number of transactions, exceeding $1 billion in value.
Binance continues to expand its reach during the first half of last year, with millions of dollars equivalent of transactions processed via its Binance Launchpad, for different IEOs.
A few months before the futures trading platform is rolled out, US-based clients was blocked out of Binance’s trading platform. Later, a US-focused branch was set up, along with its futures trading platform, with support features for Bitcoin futures that comes with 125x leverage, and an enhanced level of processing speed.