Binance Futures Overtakes BitMEX Perpetual Futures Trading Volume
Binance Futures, the cryptocurrency futures contracts platform from the stables of the innovative Binance crypto exchange, has continued to gain traction since its launch in September 2019, thanks to its plethora of features including network stability, futures insurance funds and others which has given it a significant edge over competitors like BitMEX.
Binance Futures Taking Over
While a vast array of crypto markets participants currently offer Bitcoin Futures contracts, Binance Futures stands out from the crowd with its innovative features designed to provide traders with the best trading experience.
At present, the Binance Futures platform supports a vast array of established cryptocurrencies and makes it possible for clients to trade 24 pairs of digital assets with up to 125x leverage, the highest among the major crypto industry.
On Binance Futures traders can deposit tether (USDT) stablecoin and trade numerous altcoins against USDT, including Ether ETH/USDT, XRP/USDT, Bitcoin Cash BCH/USDT, Cardano (ADA/USDT), Stellar (XLM/USDT), TRON (TRX/USDT), EOS/USDT, Litecoin (LTC/USDT), Ethereum Classic (ETC/USDT) and Chainlink (LINK/USDT).
Why Binance Futures?
Unlike most of its competitors that suffer system outages, downtimes and Auto-Deleveraging (ADL), the Binance Futures platform remains robust and stable during market peak periods, providing users with consistent trading experience.
The following is the screenshot of the latest 24-hour trading volume of perpetual futures at BitMEX and Binance.
Despite the super volatile nature of Bitcoin and other digital assets, a good number of futures trading platforms are yet to put measures in place that will help traders to limit their losses when the market goes against them.
However, the Binance Futures platform comes with self-funded insurance funds for BTC contracts worth a whopping 16 million USDT as of today. The Binance Futures Insurance Fund helps traders to prevent auto-deleverage liquidations.
Talking about helping traders to limit their risks, Binance Futures recently launched the “Isolated Margin Model” feature, which makes it possible for traders to allocate only the margin they are willing to risk on an open contract and separate it from their other positions to reduce their losses when their trades don’t go as planned.
This feature provides traders with better risk protection, while also giving them a chance to increase their profit when they win their trades.
On March 12, 2020, Binance launched its BTC Cross Collateral feature, to enable traders to trade futures against bitcoin (BTC), making it the first trade among major crypto exchanges to roll out such a product.
At press time Binance’s perpetual futures trading volume has surpassed ($4,146,010,814) that of BitMEX ($4,036,362,133) in the 24-hour time frame.