Binance Offers Fixed-Date Bitcoin Futures

The Binance exchange announced the launch of its new instrument – ​​quarterly futures for Bitcoin (BTC).

Firstfutures from this category are already presented atBinance Futures derivative platform under the name "BTCUSD Quarterly 0925". The expiration date is the last Friday of every three-month period, in this case September 25, 2020. Like perpetual contracts, quarterly futures are available for trading with leverage up to 125x, support isolated and cross-provision.

“Since the launch of Binance Futures in September 2019, we have worked hard to provide users with a stable and fast platform with low fees,– Binance CEO Changpeng Zhao said in a press release.

Today we are pleased to announce the launch of the first quarterly futures contracts to complement the existing list of financial products. ”

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Within 30 days from the launch of new bitcoin futures, users will receive a refund of trading commissions for operations on the side of the makers.

These are the first Binance fixed-date futuresclosing. In the future, the exchange may also launch monthly and weekly contracts, depending on the success of quarterly futures. She did not disclose plans to add contracts based on other cryptocurrencies.

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