Leading cryptocurrency exchange Binance, today announced that users can now trade futures against BTC on its Binance Futures trading platform via the Cross Collateral feature.
Binance Futures launched the Cross Collateral feature in early February, initially allowing users to trade futures against BUSD. With the addition, users can borrow USDT at zero interest with BTC from their Binance spot wallets as collateral; and trade against 24 digital assets on the futures trading platform.
“By adding BTC as collateral under the Cross Collateral feature, Binance Futures allows our users to capture the opportunity of profiting from the upward and downward price movements without selling BTC at a compromised price. We will continue to enhance the Cross Collateral feature and support more coins in the future.”
– Aaron Gong, VP of Binance Futures
Opened to the public six months ago, Binance Futures users can trade BTC at a max 125x leverage; along with BNB and other altcoins with up to 75x leverage. Earlier this week, on Monday, March 9, 2020; the platform reached a record high daily trading volume of USD 5 billion