Binance announced the launch of quarterly BTC futures.
Since 2019, Binance has been offering futuristic futures contracts with no expiration dates. Quarterly contracts expire on the last Friday of the corresponding three-month period. Like perpetual contracts, quarterly futures are offered with leverage up to 125x.
When trading quarterly futures contracts, users will receive commissions for trading on maker orders and will be able to trade with a fixed commission of 0.02% on taker orders. This promotion will last 30 days - from June 11, 2020, to July 10, 2020.
"We were late with derivatives,” said Binance CEO Changpen Zhao. But the exchange is quickly catching up - a report released last week by CryptoCompare showed that the Binance crypto derivatives market was the third largest after Huobi and OKEx. According to the analytic company Skew, over the past 24 hours, the volume of trading on Binance Futures amounted to $ 2.7 billion (third place on the market).
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In May, the trading volume on the Binance crypto derivatives market rose by 58% compared to the previous month; Binance also announced an increase in trading volumes by institutional clients by 217% compared with the previous quarter.
Zhao said Binance offers institutional investors its renowned brand, safety, and low fees. “Binance is already one of the strongest brands in the industry, and also has the largest number of VIPs and institutional investors in the market,” he said, adding: “We have invested heavily in security to minimize hacking risks.”
Zhao also noted the stability of Binance "in terms of system reliability and affordable liquidity." In “days of high market volatility, when there were failures and/or problems with liquidity on other platforms, Binance worked with minor interruptions,” he said.