Binance Cryptocurrency exchange has launched another two test platforms for its planned crypto futures products.
Talking about the features which were tagged Futures A and Futures B, now opens for new test nets users to play with using dummy assets, with new competitions also to encourage traders to get involved.
Binance also announced on its website on Monday, that users will definitely be able to vote for their favourite futures test net. Binance has already said it will award prizes for the competitions, at the total of 10,000 Binance coin , as at press time worths around $215,700 for each platform.
Binance founder and CEO Changpeng “CZ” Zhao has revealed in early July, heralding a new trading interface with features including longs and shorts on crypto assets.
Furthermore, in a bid to attract user deposits, on August. 28 2019, the exchange also launched crypto loans.
In order to earn interest, payable from Aug. 29 to Sept. 11, users will be able to lend their U.S. dollar-pegged USDT, ethereum classic (ETC) and Binance’s BNB cryptocurrency. Interest rates has been put annually for the initial lending.
Credits: Daniel palmer
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