Binance Exchange will launch futures platform with shoulder up to 20x in September

Crypto-currency exchange Binance CEO Changpen Zhao answered users' questions in a video broadcast format this morning.

In July it was announced that Binance will launch Bitcoin futures contracts with up to 20x leverage. Zhao confirmed that his company intends to start futures trading in September by launching a pair of BTC/USDTs as the first of the available ones.

He also noted that currently Binance is focused on expanding the possibilities of stacking cryptocurrency assets. Recently, the exchange has implemented stacking for several cryptocurrencies, including Algorand, Stratis, Qtum and Stellar.

Zhao refused to announce the date of the next campaign on the Binance Launchpad platform, but said that it will be announced soon. Earlier he warned users that the countdown of the storage period of Binance Coin on their accounts may start even before the official announcement of IEO.

Also this morning the first round of collection of users' assets for participation in the Binance Lending program, which allows to receive passive income to finance margin positions, was held. The available quotas in Binance Coin and USDT were spent in a few seconds and in Ethereum Classic in a few minutes.

In addition, Bithumb Global today announced the addition of blockchain-based asset support for Binance Chain. "We look forward to further cooperation with Binance and its CEO," wrote Bithumb Global.

Earlier Zhao denied that his exchange was connected to the Cloud Token fraud scheme.