For the most complete data on all crypto currencies check: https://coincheckup.com | The crypto research platform.
Full credits for this video to NewsBTC who listed the info in this video on an article on their website:
0:00:00 Binance Bitcoin Futures Debuts with $170M Trading
0:00:05 This update is brought to you by “CoinCheckup News Updates” and was originally published on “NewsBTC”.
0:00:11 Binance has launched a new futures platform, where speculators can bet on bitcoin price going down or up, after announcing it earlier this year.
0:00:19 And service is already witnessing trading volumes worth hundreds of millions of dollars.
0:00:24 Data analytics firm Skew tweeted a 24-hour trade report of bitcoin futures, showing Binance processing about $170 million worth of trades on the day of its debut.
0:00:35 The figures almost matched the volumes recorded following Binance Futures beta launch.
0:00:40 The Malta exchange noticed about $150 million worth of futures transactions across the two test phases, which prompted it to go full-fledged on Friday, with a special gift attached.
0:00:52 “In order to show our appreciation for your continued support towards Binance Futures, all users will receive a 50% discount on trading fees when trading on Binance Futures for the first 3 months after the go-live date,” said Binance in its blog post published Thursday.
0:01:07 The exchange further stated that users that participated in the Battle for Binance Futures competition and voted for Futures A would enjoy a further discount.
0:01:16 It would equate to a total 75 percent trading fee discount on Binance Futures for a month from 2019/09/16 00:00 AM to 2019/10/15 23:59 PM.
0:01:28 Fees on the Binance Futures will be paid in BNB, a native utility token on Binance exchange.
0:01:34 The team announced that it would burn 20 percent of the income it makes from its Futures platform as a part of an existing practice.
0:01:41 The quarterly move would take a portion of BNB tokens out of supply.
0:01:45 That means, assuming Binance Futures would make profits, Binance will now burn more of its native asset.
0:01:51 Thanks for checking this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: “NewsBTC”, who originally published this news update on their website.
Background music: Neon Storm by Jingle Punks
Creative Commons – Ask Jingle Punks for permission if you want to use this song.
Music promoted by Audio Library https://www.youtube.com/channel/UCht8qITGkBvXKsR1Byln-wA
* Created with https://content2video.com technology | Creating videos out of your data.
Original of the video here