Binance Futures Launches Tomorrow After Receiving An “Overwhelming Response” on Beta Launch
- Binance Futures to go live on Sept. 13 04:00 AM (UTC)
- Exchange is offering a 50 percent discount on trading fees to all of its users
- Trading volume of Binance Futures also included in the calculation of the quarterly BNB burn
Binance Futures is coming early.
On Wednesday, the world’s leading cryptocurrency exchange announced the beta launch of Binance Futures.
Now, just a day after, on the back of “overwhelming response” it received from the users it is officially launching the platform on Sept. 13 04:00 AM (UTC) for all of its users, announced the exchange on Sept. 12.
Earlier this week, the limited invitation-only beta launch of the platform recorded $150 million in 24 hours trading volume.
The exchange is also offering a 50 percent discount on trading fees to “all users” for the first 3 months after the platform goes live tomorrow.
Users that participated in the Battle for Binance Future competition and voted for Futures A platform will further enjoy a discount — a total of 75% — on trading fees for the first month of trading, from Sept. 16 to Oct. 15.
“The more services we provide, the cheaper it gets,” Tweeted Binance CEO Changepeng Zhao in response to the discount.
Additionally, Binance will include the trading volume of Binance Futures in the calculation for the quarterly BNB burn. These future businesses and products will burn BNB from the circulating supply of Binance Coin, the exchange announced.
The eight largest cryptocurrency is currently trading at $20.53 with 24 hours loss of 4.52 percent, as per Coincodex.
As CZ said, BNB will have similar usage and benefits in the BInance future ecosystem as it has in the spot markets of the exchange, further adding to its utilization and value.