The Binance futures markets, although currently available in closed invitation-only mode, have registered trading volumes of $150 million in Tether (USDT).
The two testnet platforms for futures products have garnered a lot of attention from investors. Binance currently offers only BTC/USDT futures markets, just like BitMex.
The first day of trading has been noted to reach high volumes in the BTC/USDT pairing. But the volumes pale in comparison to those of BitMEX, which is in the lead in the futures markets with a 24-hours volume of $2.4 billion.
Binance launched two futures platforms, a proprietary platform and the system provided by their newly bought JEX exchange.
The JEX exchange was purchase by Binance recently and rebranded the platform to Binance JEX. In terms of interface usability, the platform scored both positive and negative remarks. The acquisition of the JEX exchange means that Binance will also be managing the native JEX token of the former exchange.
Binance will direct its efforts into bringing awareness towards…