Binance Futures are doing about $500Million a day in notional volume with their new perpetual BTC:USDT futures contract. Like BitFinex's new futures, Binance uses USDT margin collateral and pays out linear PnL in a zero sum game between users.Binance recently...
Binance Futures are doing about $500Million a day in notional volume with their new perpetual BTC:USDT futures contract.
Like BitFinex's new futures, Binance uses USDT margin collateral and pays out linear PnL in a zero sum game between users.
Binance recently acquired JEX, a low-tier futures exchange, and has currently only launched the BTC:USDT futures on their platform.
In contrast to Bitfinex, Binance is doing healthy volumes. This is likely due to Binance's lax KYC/AML requirements whereas Bitfinex requires users to be fully verified to trade Derivatives.
Time will tell whether Binance expands their offering to inverse, deliverable, or other crypto outside of BTC.
Like BitFinex's new futures, Binance uses USDT margin collateral and pays out linear PnL in a zero sum game between users.
Binance recently acquired JEX, a low-tier futures exchange, and has currently only launched the BTC:USDT futures on their platform.
In contrast to Bitfinex, Binance is doing healthy volumes. This is likely due to Binance's lax KYC/AML requirements whereas Bitfinex requires users to be fully verified to trade Derivatives.
Time will tell whether Binance expands their offering to inverse, deliverable, or other crypto outside of BTC.