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Currency
News and updates from the world’s leading cryptocurrency exchange
Mar 12
2020
Binance Futures Review, Month 6: Breaking Records

Dear Binance Futures Community,

On Monday, Oil recorded its steepest fall since the Gulf War of 1991, falling over 30% while sending global markets into a tailspin across all asset classes, including treasuries, metals, and even crypto. This surge of extreme volatility presented opportunities for traders, investors, and miners to capitalize or hedge. Binance Futures recorded daily ATH volume of over USD 5 billion, as well as weekly and monthly highs in volume.

All cryptocurrencies, including BTC, showed massive volatility. As of today, Binance Futures offers 24 futures contracts on its platform, the most among the major exchanges. Binance Futures currently houses half of the top 10 most liquid altcoin contracts; many of which are also the most traded pairs amongst all futures exchanges. In our sixth month of operations, we are now the most popular derivatives platform for altcoins.

We also hosted a great number of community events, which includes the following: 

  • Trade 1 BTC to win 50,000 BNB giveaway

  • Buy crypto using Binance P2P to get bonus futures voucher 

  • Localized trading competition in Vietnam

  • Complete tasks to win $30,000 in TRX tokens and $20,000 in futures bonus vouchers

  • Trade Link on Binance Futures for a chance win $50,000 in BNB and $20,000 in Binance futures bonus vouchers

  • $10,000 airdrop for ARPA Global Community to trade Binance Futures 

In another major development, our BTC Cross Collateral went live yesterday, and this should greatly increase user participants who don’t want to hold USDT or BUSD. With this new feature, we hope to attract any late adopters and compete more directly with other exchanges that already accept BTC collateral.

Since our inception, it has been an exciting time for traders as crypto markets displayed stronger demand and volatility. Therefore, choosing a reliable and trustworthy exchange for risk-hedging has never been more critical than before. Hopefully, Binance Futures emerge as the market-standard choice for traders as we continue to expand our ecosystem throughout 2020.

- AG