Binance Debuts Two New Crypto Futures Platforms, Futures A and Futures B, To Be Tested
Binance, one of the largest crypto exchanges in the world, has recently decided to launch two new platforms that will be used to test its new products. The two platforms are set to be called Futures A and Futures B.
Despite their really uninspired names, they will be important in the company’s strategy and will be used to encourage traders to get more involved in the platform than they currently are. This involvement will come from the fact that people will be able to vote on their favorite platforms and that the winning one will be fully developed.
In order to promote voting, even more, Binance has affirmed that the users will get free trading fees for a month if they voted on one of the platforms. This, the management believes, will inspire the team, even more, to participate in this kind of event.
The CEO and founder of the company, Changpeng Zhao, affirmed that crypto futures were coming some months ago. Until now, however, not many details about it were publicly released so far.
In related news, Binance has also started a crypto loan service last month. The service, which was partly created to attract more deposits, lets people lend Tether (USDT), Ethereum Classic (ETC) and Binance Coin (BNB).
According to the official announcement, the new product will have annualized interest rates that will have a fixed maturity term of 14 days. These rates will vary from 7 to 15% and will vary on what token was token. The higher rate is for BNB, while USDT has a rate of 10% and ETC has only 7%.