There is no doubt that Binance is the centre stage in the crypto environment. Being the highest daily trading volume exchange in less than three years, it always comes up with new features and announcements of functions for its users. Recently, it launched its Binance US for the customers of United States. Now, the news that is buzzing around is that Binance future platform has grabbed the attention and increased its maximum leverage and margin on Bitcoin (BTC)?tether (USDT) contracts to 125x, as per the news shared in the latest press release of Cointelegraph on October 18, 2019.
Yesterday support for the contracts went live at 9 am UTC , with traders able to choose 1x-125x leverage having large positions adjusting to low leverage allowed. Talking about the press release notes, it states that at 125x leverage, a 1000 USDT insurance deposit on Binance Futures is going to allow its users to keep the amount of 12,500 USDT in BTC. Call on Binance Customer Support Phone Number which is functional all the time for assistance. The team of skilled experts is there to guide you and fix your issues.
Balancing risk with productivity
As per the exchange, high leveraged trading is announced using a ‘sophisticated risk engine and liquidation model, ‘ a fast matching engine that allows seamless margin without facing any jumps, and ‘mark prices’ for refraining unnecessary liquidations and contending market manipulation.
The CEO of Binance, Changpeng Zhao said that the exchange has witnessed escalation institutional participation in trading, with professional traders to draw the need to announce cost and performance adeptness methods to support very fast trades.
Keeping a risk management system in one direction, Binance serves traders an ‘insurance fund’ that can supposedly provide support to limit the chances of auto-deleverage.
The Director of Binance Futures, Aaron Gong said that the platform witnessed the rise in numbers of traders transferring to and fro from spot to futures at the time of unpredictable periods.
In the beginning of this week, Cointelegraph said that Binance’s Bitcoin futures product was the only robust performer in an uninspired market this week which is a trading volume on the cryptocurrency markets hit local lows.
There is a l tweet tweeted on Twitter by analyst Skew Markets, the product has set up a new daily trading volume record on October 15 at over $700 million, and when compared to Bakkt, which is managed by 10 BTC ($81,000 at the time).
The CEO of Binance, Changpeng Zhao, also called CZ stated that he was a little bewildered by the decline in price of native exchange token Binance Coin (BNB) in recent months, which is trading over 50% lower than its all-time high in June. Moreover, as per the recent data published on October 17 states that Binance earned $185 million in Q3 2019 which is its second-best quarter ever. To deal with Binance troubles and issues, you can always have conversation with the team of skilled professionals who are there to guide you. You can call on Binance support number which is active all the time for support.