Changpeng Zhao, CEO of top crypto exchange Binance, announced that the platform will launch futures trading in September. Zhao voiced this statement on Twitter during an “ask me anything” session on Aug. 28. According to Cointelegraph Japan, the company also “announced its focus on the staking business.” As Cointelegraph reported on July 2, Zhao revealed the company plans to launch a futures trading platform with initial support for BTC/USDT contracts at a leverage of up to 20x. The CEO made his announcement during a keynote speech delivered at the Asia Blockchain Summit in Taipei. According to Cointelegraph’s reporter at the scene, Zhao — better known by his industry moniker “CZ” — indicated at the time that while there is yet no exact launch date for the new “Binance Futures” trading platform, a simulation test version was expected to launch within a few weeks.
Cryptocurrency exchange Binance will launch its futures trading platform in September 2019. The company's CEO Cointelegraph suggested that a simulation test version is expected to go live within the next few weeks, while the firm intends to focus on its staking business. The Binance Futures offering will initially support bitcoin and tether contracts with leverages up to 20x, according to an earlier report from Coin Telegraph.