Binance, the largest cryptocurrency exchange by trading volume, recently announced increasing its maximum leverage for BTC/USDT contracts on the Binance Futures.
According to the information published a few hours ago on the exchange’s official website, users can now trade up to 125x leverage on Binance Futures. It furthered that it has also enabled the leverage adjustment button and testnet trading interfaces.
The Risk in Trading Binance Futures
As a warning note to the users interested in trading Binance Futures, the CEO of Binance exchange, Changpeng Zhao, also known as CZ, implored traders to trade with caution as such a trade attracts high level of risk.
He continued by stressing that trading futures is not meant for new traders, but experienced investors. He said, “Use high leverage with extreme caution. Don’t recommend it for new traders.”
Use high leverage with extreme caution. Dont recommend it for new traders. https://t.co/vstV0Lusf2
— CZ Binance (@cz_binance) October 18, 2019
Binance Launches Educational Academy App
Since Binance exchange was launched about 2 years ago, it has not retreated from further development. The growth of the exchange has so far been significant when compared to a number of crypto exchanges it met in the industry.
The impact it has stamped in enhancing education regarding blockchain technology is worthwhile, making it to be recognized as one of the most prominent movers of blockchain tech adoption in the industry.
In the quest to get more involved and relevant, Binance launched an Educational Academy App about 3 days ago. This was invented to serve as a means to reach the vast numbers of people across the globe, in order to instill ground knowledge about blockchain technology and cryptocurrency as a whole into them.
Going by the related information, the Educational Academy App would come with video tutorials about blockchain technology. Users would be able to access these videos free of charge.
Aside from the videos, there are other valuable and educational resources made available for users to access via the Academy App.
Binance Coin (BNB) Listed on Swiss Stock Exchange
Interaction between the traditional and digital currency system received a noteworthy boost 3 days ago, after Binance’s digital token BNB got listed on the Swiss Stock Exchange. This news came as a surprise to many in the cryptocurrency sphere.
The CEO of Binance exchange, Changpeng Zhao also displayed his elation to the new development, tagging it a vital step to the bridging of cryptocurrency and traditional currency world. As reported, this is the first of its kind.