Understanding Binance futures

In Binance futures trading perpetual contracts are employed and they are somewhat different relative to conventional futures contracts. Interestingly these contracts do not have a predetermined settlement and expiry date. They depend on the spot index price meaning traders can exit the contracts at will. In simpler terms, it means that there is no obligation from the buyer or seller of the contracts to purchase or sell the asset at a predetermined date but can instead exits their positions at any time.

Trading finance futures

Before you start Binance futures trading you will need to open a Binance account which requires identity verification due to the KYC requirements. You then load your account with funds and transfer them to the futures trading wallet. Click on the “Futures” option on the navigation menu to pick the futures option. Under the “Transfer” tab you can transfer funds to the futures account and begin exercising your trade.