Bitcoin Forum

Well!! Binance just announced Binance Futures (https://coinpedia.org/news/binance-exchange-launching-crypto-futures-trading-platform/) which will support 20x leverage for Bitcoin futures in the coming months.

will binance is trying to improve its reputation among investors?

What's your take on this?

This announcement is obviously an improvement of Binance, they see the potential to increase their profitability, they do it on time.
People who trusted Binance will be more confident on the future of Binance, they are playing in every field of the market and this year they have a lot of good news so they deserve to be where they are now.

Crypto futures is a popular trading options among crypto traders. Many of popular exchanges have implemented it and binance would not want to be less than anyone.
This addition on binance would enable more option for people looking for crypto futures trading and considering the volume of binance, it would be an instant success.

Crypto Futures Trading is a high risk high profit scheme. It is much of gamble than of real trading.
This addition would be a good source of income for Binance and possibly that would also be reflected in the BNB token as Crypto Future Traders need to hold a fixed amount of BNB to enable the feature.

Binance has obviously been trying to make the most amount of money from this market by taking advantage of the opportunities they have such as lack of other big exchanges that offer many of these features they offer.
but i have to say, i am worried about their monopoly and the way they are growing. these things never end well. specially with the power they now have over the altcoin market with the massive volume they control, they can literary decide the price of many of the altcoins even the big ones. for example if they wanted to pump something they could easily do that or the same if they wanted to dump.

Indeed, they try to keep the crowd pleased and where customers or new comers spend more at the exchange the higher the profits for Binance are.  It is worrying Binance is this big in the crypto space, may disaster strikes that Binance cant cover there will be allot of blood.

Its a silly question to be asked?

If someone want to improve their business then they will lauch new features which can give them more profits and also will keep them first in the competition.

in order to stay in throat cutting competation, it is very necessary to bring new features

Yes it is much risk much profit scheme and Binance being the leading platform for cryptocurrency and being the leading exchange with billions in fund can take the risk. The management in Binance and after every project by Binance has been amazingly efficient and this is the reason Binance is thriving. I think Binance will prove again that it is the monopoly in crypto.

This is a considerable risk for investors, but for the exchange it is not a bad way to generate income. Binance trying keep up with the times and use all the opportunities to earn.

watch binance be going in another 1-2 yrs lol

It can also be used as a risk management tool for traders. I'm interested in playing binary options as I always do in the past, if this is a futures trading platform, binary trading should be enabled for us then. I hope so. Binance is really going to make this cryptomarket a whole lot of an interesting market than the old forex. Gotta thank the Chinese for this.

there is not so much "throat cutting competation" going on in the altcoin market among altcoin exchanges. right now Binance is running a monopoly simply because the rest of altcoin exchanges couldn't keep up and the previous big ones that were number one decided to scam their users so they immediately lost their position and fell down to rank above 50!

I guess they are the biggest exchange out there and having a futures would help them make money. What other reason do you really want from them? They are a company and just like all other companies in the world their first and foremost need is to make money, the more money they make the better.

So, they are already making a ton of money already, bitmex is getting a ton of their business from them because they are literally the biggest place for futures and Binance just finally caught up with the futures world and want to get those customers back. There are ton of people doing both regular trading and futures trading and binance will be getting all of those people, like 90%+ of them. Thats why its not about reputation, its not about looking more professional, its all about money.

it could be like that, isn't this better means that there is mining and the progress made by Binance itself. what Binance is doing is very good and I support it, because it is also for the advancement of the digital world that is growing and is known to many people of course.

I think this is the feature that many people look forward to with the famous Binance exchange. Professional traders prefer margin to maximize their profits. I believe Binance will launch many cool new features to attract more traders to their floor.

Binance is joining the game, because simply this is a big market.
Also, having a broad set of products and services, this will attract more traders that want more complex solutions for their trading strategies.
Binance, Bitmex and Coinbase are undoubtedly the leading dogs in the space and neither of them can afford to be step behind.

very interesting, what Binance did to improve his reputation and also get better profitability. this is a form of development of an increasingly advanced crypto world, whatever programs are implemented provided that for the sake of the progress of the crypto world I strongly support it.

I think this is inevitable for the following reasons:
- Binance doesn't want to be left behind by exchanges like Bitmex, Houbi, or Okex in the derivatives market race.
- Binance is looking to perfect their ecosystem with all in one for the trader.

Although this is a risky trade, I don't think binance will lose their investors. By proving when hacking at binance yesterday, I think investors are increasingly trusting. Maybe with this Crypto Futures Trading, binance can return funds hacked by the profits they receive.

What else do you expect from them?Binance has always been a mentor to a lot of projects and users, and they have been the most reliable exchange that I ever know and we have lots of people that really respect them for this, they have to keep the fire burning, they need to keep coming with different innovations from time to time that will help them to continue to maintain their integrity and their reputation.

He more they develop, the more they will become attractive to more investors, and the more investors and users that they have, the more money that will go into their market which will in turn continue to appreciate their value. These are the kind of innovations that can make their investors stay with them for long without dumping their coin at any point.

this binance excellence that always makes new innovations and makes it get a big profit from other big exchanges, they always see the opportunities that exist and can manipulate the market easily.

Binance knows how to gather maximum profit from the crypto market. Everything is about money. Do you know about some exchange that have some coin and blockchain, DEX, launchpad, charity, wallet, trading platform, what comes next?  :D

Binance is trying by all means to be retain their top spot as the number one exchange within this space.  This is just a means to expose binance to other trading investors. Its an excellent move from CZ