Trading gets smarter from today. SynFutures is a newbie in the derivatives protocol domain in the Closed Alpha stage V1. It recently declared that it has propped up assistance for the Binance Smart Chain (BSC), a capable blockchain platform in this area. Known for crypto modernizations and for providing users the finest trading know-how, SynFutures is constantly on the lookout to shore up the best blockchain innovations in the market. The SynFutures panel of experts have ample expertise in the crypto space, some of them being Wall Street veterans.
This crypto squad comes with the mission to construct a concrete infrastructure for later-stage DeFi derivatives on Ethereum and L2/side chains. In the beginning of 2021, SynFutures clinched a seed round funded by Standard Crypto and Dragonfly Capital. Later in June 2021, it proclaimed Series A funding led by a consortium that included Polychain Capital, IOSG Ventures, Kronos, CMS, Wintermute, Bybit, Pantera Capital, and Framework.
The BSCis a blockchain substitute to Ethereum. It enables enormously speedy and low-cost operation charge, and also allows the building of dApps, optimizing opportunities for scalability. The chain authenticates a mechanism named proof-of-authority. In other words, trustworthy validators help in the creation of blocks to power the network. With this amalgamation, BEP-20 and BSC resources can be traded in the derivatives market.
This gives users the option to decide which constructs and chains they seek to accomplish future positions with. Now that SynFutures has brought together three platforms, namely, Binance Smart Chain, Ethereum, and Polygon networks under its umbrella, its ecosystem can boast of the perfect trio. With the addition of this new platform, new entrants will be enticed into SynFuture’s network of BSC community. This will make trading in derivatives on the SynFutures platform even better.