{"id":20754,"date":"2019-12-10T09:45:44","date_gmt":"2019-12-10T08:45:44","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=20754"},"modified":"2019-12-10T09:45:44","modified_gmt":"2019-12-10T08:45:44","slug":"binance-adds-support-for-bitcoin-futures-trading-on-newly-released-ios-app","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/binance-adds-support-for-bitcoin-futures-trading-on-newly-released-ios-app\/","title":{"rendered":"Binance Adds Support for Bitcoin Futures Trading on Newly Released iOS App"},"content":{"rendered":"
The second-biggest global cryptocurrency exchange by trading volume Binance<\/a> now supports bitcoin futures trading on its newly launched iOS app<\/a>,<\/strong> the exchange announced in a blog<\/a> post published on December 9.<\/p>\n <\/p>\n The traders can now use Binance iOS app to trade BTC\/USDT contracts at up to 125x<\/strong> leverage<\/strong> as well as trade ETH\/USDT contracts at up to 50x leverage<\/strong> by using their iPhones.<\/p>\n Binance launched Bitcoin futures trading services on its platform in September of 2019. According to the exchange, in the first two months, its daily trading volume on Binance Futures platform reportedly hit an all-time of than 370,000 BTC. The blog post reads:<\/p>\n \u201cWithin its first two months of operations, Binance Futures reached an all-time high (ATH) daily trading volume of more than 370,000 BTC (approximately $2.7 billion USD at date). On average, over 60 percent of traders on Binance Futures trade at a leverage of 20x or higher. Users trading at 125x leverage account for 21 percent of total traders, on both desktop and mobile.\u201d<\/em><\/p>\n Binance also noted that institutional traders contribute to 81 percent of the total trading volume. While high leverage trading is popular among retail trader, they trade at a leverage of 20x or less.<\/p>\n <\/p>\n