A Quick Guide to Binance Futures Trading Platform and How It Works

Founded in 2017, Binance is one of the most popular and largest crypto exchanges in the world. The exchange supports margin, spot, and crypto futures trading on major cryptocurrencies. The platform allows traders to place trades on the future price of Bitcoin, BTC.

Binance Futures platform was launched in 2019 as a product of Binance to enable traders to speculate on prices of multiple cryptocurrencies such as Bitcoin, Ripple, Litecoin, Ethereum, etc. It also allows leverage trading up to 125x to its traders. The leverage here means that the trader can multiply their profits by 125.