– Binance is planning to launch futures trading platform soon
– Blockchain startups have raised a total of $822 million during the first half of 2019
– CME has announced that BTC futures reached a record notional value traded on June 26
Changpeng Zhao, founder and CEO of Binance, announced that the exchange is planning to launch futures trading platform soon.
The platform will aim to support long and short trading contracts for a variety of crypto assets. Initial support for BTC/USDT contracts will have a leverage of up to 20x.
While a firm releasing date of the feature is not yet set, a Binance spokesperson told CoinDesk it plans to launch the test in about two weeks from now.
.@cz_binance just announced that #Binance will offer futures contracts in his keynote at the @aba_summit! #ABS2019 #Taipei #Futures pic.twitter.com/RXlui8YY0V
— Binance (@binance) July 2, 2019
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Blockchain startups have raised a total of $822 million during the first half of this year, according to a report from venture capital firm Outlier Ventures.
The firm published its State of Blockchains Q2 report on Monday, saying that the amount was raised from 279 separate venture capital deals. Out of those 279, 159 deals were seed stage ones. “This indicates that entrepreneurial zeal in the ecosystem has not declined in spite of the bear market.”
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The Chicago Mercantile Exchange (CME) Group has announced that bitcoin futures reached a record $1.7B in notional value traded on June 26, surpassing the previous record by more than 30%.
The surge in volume also set a new open interest record of 6,069 contracts as institutional interest continues to build.