The unlimited Bitcoin futures trading volume on Binance Futures is just behind BitMEX at the time of writing. For a platform that has just launched less than three months, this is yet another success for Binance.
What is Binance Futures?
Binance Futures is a trading platform futures contract of the Binance exchange. That is, you can make a profit when the market goes up or down by guessing the price of a certain electric currency in the future with Binance Futures.
The second platform is Binance jex. But JEX is quite "inferior" compared to Futures. Futures platform with x125 leverage is still the "money making machine" of Binance.
Advantages
- Provide high leverage up to x125 times. Highest in the cryptocurrency market
- Large trading volumes are easy to liquidate
- Simple interface easy to see
- Can use Binance account without having to open another account
- Can trade on Binance Android app
Disadvantages
- Relatively difficult to use with beginners.
- Currently, Binance Futures does not have an iOS app.
- There are still quite a few trading pairs
