How Does Binance Compare to the Crypto Competition?

The leading cryptocurrency exchange and industry sweetheart, Binance, has made a number of strides that will greatly improve the appeal of its brand, and has even taken steps to comply with regulators and will be opening up a US-based exchange offering Bitcoin and other US-approved crypto assets in the coming weeks.

But before that operation gets going, Binance is once again reinventing itself and is preparing to offer Bitcoin Futures contracts at up to 20x leverage in addition to the margin trading the firm recently rolled out the beta version of. The addition of margin was met with a lackluster response due to the perceived low-leverage of just 2x maximum – will 20x Bitcoin Futures trading appease the masses looking for more from the industry leader?

Binance to Add Bitcoin Futures Trading with 20x Leverage

Binance is among the biggest names across the crypto space and for good reason. The company often is ahead of the trend, does right by the greater community at large, and is known for keeping funds “SAFU” under any and all circumstances.

The crypto community loves Binance for its exotic altcoin collection, Binance Coin token, and especially for its CEO Changpeng Zhao. The only negative press Binance has seen in recent weeks has been the lackluster debut of its margin trading products, and the company buckling under pressure from US regulators to block the country’s citizens from using the platform.

While complying with regulators is painful for crypto traders, it’s understandable for an industry leader looking to maintain its top spot. Margin trading is an entirely different beast, and while it’s nice to see leverage on Binance not too high given its users can buy crypto to trade on a credit card, 2x is low by any standard.

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