Binance is a cryptocurrency exchange that offers a platform for trading various cryptocurrencies. Binance Futures is a sub-platform of Binance that allows users to trade cryptocurrency derivatives.
The maximum leverage available on Binance Futures is 125x.
To put this into perspective, if you were to put down 1 BTC as margin for a long position, with 125x leverage you would be able to trade 125 BTC worth of contracts. In other words, your potential profits (or losses) would be amplified 125 times.
With such high leverage, it’s important to remember that your margin could be completely wiped out if the market moves against you even slightly. That’s why it’s important to use stop-loss orders and to never risk more than you can afford to lose.
If you’re looking for an exciting way to trade cryptocurrencies with high leverage, Binance Futures may be worth considering. Just make sure you understand the risks involved before putting any money at risk.