Cryptocurrency exchange Binance, the world’s largest cryptocurrency exchange by trading volume, has recently revealed its plans to launch a futures trading platform which will offer both long and short positions for digital assets.

The aforesaid news was announced at the Asia Blockchain Summit in Taipei.

During a presentation at the conference, Changpeng “CZ” Zhao, founder and CEO of the exchange, showcased that the platform has already developed an interface for upcoming services. CEO also mentioned that the platform will initially support only BTC/USDT futures products and will offer traders leverage of up to 20x. Nevertheless, more trading pairs with higher leverage will be announced soon.

Zhao said:

"Binance will be launching a futures platform very soon. I don’t have the exact date yet. The simulation test version will be live in a few weeks".

Even despite the fact that Zhao did not mention any specific timeframe for the launch of the new platform. As specified in Coindesk, the beta of the platform might be launched in about two weeks.

Binance is still rolling out new trading pairs and features for its non-custodial trading platform. Generally, it offers 507 trading pairs to the retail traders.

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