$216,000 Futures Trading Competition!
Binance is once again in the news! With recent announcements of its lending and stablecoin platforms, Binance has now unveiled the launch of TWO test platforms for its upcoming futures products.
The clever move will allow users to test, vote, and compete for their favorite futures platform, named Futures A and Futures B. There will also be a trading competition where users will trade utilizing simulated funds.
Have you seen any business launch 2 competing products at the same time? Well, with @Binance, there is a first time for everything, again.
Our Futures is in your hands! https://t.co/BNxjUHiULH
— CZ Binance (@cz_binance) September 2, 2019
As an incentive, Binance is offering 10,000 BNB to users who take part in testing the new platforms, while also allowing the community to have a say on the future trajectory of the exchange. The competition period begins this week.
“We are delighted to announce the launch of not one, but two Binance Futures Testnet Platforms! Our team has been hard at work behind the scenes to develop two Futures Platforms in parallel giving you the freedom to choose.” – Binance Futures announcement
Binance’s popularity is unrivaled in the space, and the exchange also outperformed Germany’s biggest bank in earnings in Q1 of 2018!
Binance futures test platforms; which one wins the community’s approval. Source: https://www.binance.com/en/vote/13
Keeping Up With Binance
The growth of Binance’s dominance in the cryptocurrency markets has set a standard for other crypto exchanges to follow. This became evident when Binance CEO CZ declared the delisting of Bitcoin SV earlier this year, a controversial move but one that was also followed by other leading exchanges.
The rise of Binance, Coinbase, and others gives us a glimpse into how finance and technology could merge in the future. The cryptocurrency sector is building out its own ecosystem, and banks as we currently know them could change over time as a result.
This is not investment advice; please always do thorough research and only invest what you are willing to lose, especially in times of uncertainty.