Binance Futures Daily Trading Volume Reaches $150M

The newly opened Binance Futures platform has reached an impressive $150M trading volume despite operating only in invite-only mode.

The platform initially launched two futures testnet platforms on September 2, inviting users to participate in a 10,000 Binance Coin (BNB) trading competition, in which Binance provided participants with 100K USDT tokens in simulated funds on both Binance futures platforms.

However, the two platforms garnered some criticism from the crypto community with some pointing out that the two platforms lacked essential features.

Platform A was criticized because of its contract size granularity, on the other hand, platform B was also criticized for not being documented well and having an unwieldy leverage system which might have turned off many of the testers.

The Binance futures platform was also called out by Bitmex for allegedly plagiarizing BitMEX documents as part of its futures testnet launch, posting screenshots of Binance’s overview of the Auto Delivery system that was identical to BitMEX’s.


Headlines for the world of Cryptocurrencies - September 10, 2019

  • $50 Million Bitcoin Cash Tech Park Rising At Townville
  • First Crypto Arbitrage Hedge Fund Approved By UK’s FCA
  • Coinbase Invest $2M USDC In DeFi
  • Amazon Shows Off Quantum Database
  • Ethereum 2.0 Progress Surprises Devs

Headlines for the world of Cryptocurrencies - September 09, 2019

  • LG Soon To Release Its Own Blockchain Phone
  • JP Morgan To Lead History’s Largest IPO
  • Bitcoin Still Best Bet For Internet Currency
  • China Accumulating Gold Is Bitcoin Next?
  • Bakkt Requiring Downpayment For Bitcoin Futures Contracts

Headlines for the world of Cryptocurrencies - September 08, 2019

  • Mastercard Joins Marco Polo Network
  • Malta Government Bring Crypto To Licensed Casinos
  • Local Bitcoin Exchange In Norway Gets Support From Major Bank
  • Christine Lagarde Believes Regulators Should Be Open To Crypto
  • China’s Crypto Steaming Ahead Of Its Competitors





Coin Marketplace

STEEM 0.19
TRX 0.14
JST 0.030
BTC 60122.55
ETH 3199.29
USDT 1.00
SBD 2.43