Binance increased the maximum margin with leverage up to 125X for Bitcoin Futures contracts

On October 18, Binance's Bitcoin Futures platform announced that it will increase its margin leverage to 125X. This increase is applied to Bitcoin (BTC) / Tether (USDT) contracts. Traders have an option from 1x to 125x to make trades from 9am UTC.

"At 125x leverage, every 100 USDT mortgage on Binance Futures will allow users to hold 12,500 USDT in BTC," Binance said.

Balance risks with efficiency

According to Binance, using margin with high leverage will help counter market manipulation. Changpeng Zhao, CEO of the exchange, said professional traders are always looking for the most effective ways to trade very quickly, both in terms of cost and performance.

Besides a risk management system, Binance provides traders with an insurance fund, which can help limit the chances of automatic cancellation. The director of Binance Futures said the platform is witnessing an increasing number of transactions amid a volatile period.

Outperform the competition

Binance can smile when this week is the only exchange to break through amid a gloomy, bleak backdrop. As Skew Markets shared, Binance set a record of daily trading volume reaching 700 million USD on October 15.

New data released on October 17 shows that Binance made about $ 185 million in the third quarter of 2019. This is the second best quarter in terms of revenue so far.

Sourse: William