Binance Futures is a cryptocurrency futures trading platform launched by Binance in September 2019. The platform allows users to trade cryptocurrencies with leverage of up to 125x.
Binance Futures uses the same engine as the Binance Spot exchange, which is one of the fastest and most advanced cryptocurrency exchanges in the world.
NOTE: WARNING: Trading in Binance Futures involves a high degree of risk and may not be suitable for all investors. It is possible to sustain losses that exceed your initial investment. You should carefully consider your objectives, financial situation, needs and level of experience before engaging in any futures trading activity, and if necessary seek independent advice. Be aware of the leverage offered by Binance Futures and be sure you understand how it works. Be aware that the market can move quickly and you may be subject to sudden price changes and other risks associated with trading in volatile markets.
The platform offers a wide range of features, including spot and margin trading, derivative contracts, lending and borrowing, and staking. Binance Futures also has a mobile app for trading on the go.
Binance Futures is one of the most popular cryptocurrency futures trading platforms due to its low fees, high leverage, and advanced features. The platform has seen rapid growth since its launch, with daily trading volumes exceeding $1 billion.
4 Related Question Answers Found
When it comes to futures trading, one of the most important things to know is how to calculate your profits. Otherwise, you could end up making some serious mistakes that could cost you a lot of money. Thankfully, calculating your profits on Binance Futures is actually quite simple.
When trading futures on Binance, you can choose to either go long or short on a given asset. If you believe the price of the asset will rise, you would go long, and if you believe the price will fall, you would go short. Your profit or loss is calculated using the following formula:
Profit/Loss = (Exit Price – Entry Price) * Position Size
If you are long on an asset, your profit is calculated by subtracting your entry price from the exit price, and then multiplying that by your position size.
Binance is a digital asset exchange platform that provides a wide range of services including spot and derivatives trading, margin trading, lending, staking, and more. One of the key features of Binance is its low fees. In addition to charging low fees, Binance also offers a funding fee to help offset the costs associated with providing these services.
Binance Futures is a cryptocurrency derivatives trading platform launched by Binance in September 2019. The platform offers leverage up to 125x and uses a tiered fee structure based on trading volume. Binance is one of the largest cryptocurrency exchanges by trading volume and offers a wide range of features including spot and margin trading, derivatives trading, staking, and more.
