Binance Futures Launches SXP/USDT Perpetual Contract

Binance Futures, the leading futures trading platform helmed by globally-acclaimed cryptocurrency exchange Binance, has announced to launch a new product offering for its customers- the SXP/USDT perpetual contract on the network. The exchange initiated the trading process at 9:00 AM (UTC) on July 21, 2020, and the users will be able to select between 1-50x leverage.

The news was circulated in the crypto domain via an official Twitter post by the Binance team. The post read:

The honorable CEO of Binance Changpeng Zhao took to his official Twitter handle to share the news with his users. He mockingly stated that it is a probability that we might now address Binance Futures as DeFiFutures in the coming days owing to the immense popularity. He happily introduced the 33rd perpetual contract pair into the platform devoted to the users.

As we already know that Binance is one of the most trusted cryptocurrency exchanges in the market space. It serves as the leading trading platform in terms of market capitalization and provider of world-class services to users. With Binance Futures, the team explores the widescale opportunities of futures contracts by opening doors for investors to enjoy Bitcoin Futures trading with up to 125x leverage coverage.

Crypto futures allow users to reap in maximum benefits by going long or short on crypto assets in volatile markets to avoid risks involved significantly. The platform offers a user-friendly interface that helps users to switch from spot to futures at their will. The revolutionary matching engine executes 1000,000 orders per second with a minimum latency of 5 milliseconds, thus, ensuring speedy and secured transactions on the portal.

The helps crypto traders to make maximum profits from their hard-earned capital by investing in the right project and at the right time. The automated crypto trading software keenly observes the market trends of coins over the years through indicators and helps people to crack the best deals in the financial world.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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