Binance has announced the launch of two futures testnet platforms. The two different futures platform will be pitched against each other in a competition of sorts where the participants will be allowed to vote for their preferred platforms. During June 2020, Binance Futures had introduced quarterly futures contracts for the BTC/USD trading pairs. Some testnet participants reported ROE (return on equity) rates as high as 600% after five days of trading on Binance Futures testnet. GET /fapi/v… He's been writing for the DLT space for two years, in which time he's reported on many topics and a wide range of projects. The new trading product offers traders exposure to Bitcoin, Ethereum, XRP, Binance Coin, TRON, and Tether, with positions much larger than their initial funds would allow through borrowed margin. What Is Biometrics & How Will It Affect Our Privacy? Here we go! New parameter newOrderRespType for response type in endpoint POST /fapi/v1/order. A total of 10,000 BNB will be given away to users who participate in testing both Futures Testnet Platforms. Following news in May that Binance was planning to roll-out margin trading, an official press release revealed on June 11 that Binance margin trading was now live, with up to 3x leverage. “We are delighted to announce the launch of not one, but two Binance Futures Testnet Platforms! More liquidity. BCF. Fast and secure decentralized digital asset exchange, USDⓈ margined with no expiration and up to 125x leverage, Token margined with or without expiry dates and up to 125x leverage. Binance Open Interest on Futures Testnet Hits $150M USDT in 24hrs - Bitcoin and Ethereum news, analysis and review about technology, finance, blockchain and markets - cryptocurrency news. I figured I was on the wrong site and did not see the api tab bellow, thank you! Binance, one of the largest and most recognized cryptocurrency exchanges in the market launched two Futures Testnet Platforms. This gives you the freedom to explore each product and its offerings ahead of the official Binance Futures launch. Please consult here: Binance Testnet environments. Binance reserves the right to cancel or amend the competition or competition rules at our sole discretion. Exchange. Participants can vote for their favorite Futures platform after experiencing both Futures A and Futures B platforms in action. >>>, WhalesTrader, a Cutting Edge Trading Platform That Lets You Trade Like a Whale (Interview), BLOCKv Announces Partnership With Publicis Groupe, the World’s Third-Largest Media Agency, MoonCats: Almost-Free NFT Collectible Felines Are Selling for a Huge Markup, Dogecoin Interview: Discussing Updates, Exchange Listings, and Future Plans With DOGE Core Devs, Monero Interview: Shedding Light on the Coming 0.15 Upgrade and RandomX, Want to up your privacy game? DELETE /fapi/v1/order 2.5. Save my name, email, and website in this browser for the next time I comment. Binance Futures Testnet Hits $150M Volume in Just One Day. The python module UNICORN Binance WebSocket APIprovides an API to the Binance Websocket API`s of Binance, Binance Margin,Binance Futures,Binance Jersey,Binance US,Binance JEX,Binance DEX andBinance DEX Testnet and supports the streaming ofall public streams like trade, kline, ticker, depth, bookTicker, forceOrder and blockheight and also all private userData streamswhich needs to be used with a valid api_key and api_secret from the Binance Exchangewww.binance.com,www.binance.je,ww… LIMIT order with sepcial timeInForce: the final status result of the order(FILLED or EXPIRED) will be returned directly. This instant transfer of assets between these two wallets will reduce the time taken to open a margin trade, and also open up new avenues of funding for traders looking to open a leveraged position using potentially multiple different assets quickly. Futures platform A was seemingly developed in-house, platform B was developed by the recently acquired JEX exchange. Participants that vote for the correct eventual winning platform will receive a 50% trading fee discount on the official Binance Futures for the first month after the platform is live. We are delighted to announce the launch of not one, but two Binance Futures Testnet Platforms to better serve our users! English Français Deutsch Polski 简体中文 繁體中文 Tiếng Việt العربية 한국어 Русский Español Türkçe Nederlands Português Italiano Bahasa Indonesia 日本語 ภาษาไทย Filipino українська мова. Activity 2: Simulated Trading Competition - 10,000 BNB to be Won! If you want to know what does certain function use and returns you can find more on https://binance-docs.github.io/apidocs/futures/en : 2019/09/03 00:00 AM - 2019/09/08 00:00 AM (UTC). London Summit 2019 Launches the Latest Era in FX and Fintech – Join Now A: From https://testnet.binancefuture.com, find the “Register now” button from … In an official press release, Binance stated that rather than shift its entire business focus, the move into margin trading was similar to how existing traditional finance exchanges offer leverage features on a range of assets. This gives you the freedom to explore each product and its offerings ahead of the official Binance Futures launch. The maximum leverage for the quarterly futures is 125X. Participants can vote for their favorite Futures platform after experiencing both Futures A and Futures B platforms in action. You also have the option to opt-out of these cookies. Popular digital asset exchange Kraken has also offered its user’s margin trading, with up to 5x leverage on Bitcoin, Ethereum, Monero, Ethereum Classic, Augur, Ripple, and Bitcoin Cash. During the competition period, participants will be ranked in terms of the total USDT trading volume transacted (including both Buys and Sells) on each of their Binance Futures accounts within the simulated trading pairs. Binance is not responsible for any direct, indirect or consequential losses as a result of the trading competition. At the end of the competition period, the mainnet version of either one with the most votes will  will provide 50% trading fee discount to its testnet voters for a full month. News broke recently of Binance’s new margin trading functionality, set to bring long and short positions and leveraged trading to the already leading digital asset exchange - but what will this mean for the wider cryptocurrency industry? The winner among the two testnets will then be the officially adopted as the Binance futures platforms. DELETE /fapi/v1/batchOrders 2.6. Binance Announce Margin Trading & Futures Testnet, but How Will These Affect... Binance Margin Trading Vs. Other Platforms. Binance has announced the launch of two Binance Futures Testnet platforms and conducting a competition to allow its customers to choose one. Elliot has a number of blockchain investments and is particularly interested in blockchain for individual monetary sovereignty. The immediate effect of Binance margin trading likely won’t be felt by professional trading platform BitMEX, who offer huge leverage up to 100x on some trading pairs compared to Binance’s mere 3x. With Binance we can test our strategy in live, using the testnet account. Binance has also implied that it is looking into launching a futures exchange option with up to 20x leverage initially, which will see a testnet release sometime next week. Likewise, like other trading products offered by Binance, traders can use Binance Coin (BNB), to settle fees on their leveraged trades. Following a testing period on its two futures platforms, the leading exchange marked significant interest. We are delighted to announce the launch of not one, but two Binance Futures Testnet Platforms to better serve our users! Futures Testnet Account | Binance Academy. Rewards will be issued within 2 weeks after the competition ends. Charlie…, The Journey Towards Proof of Stake: Ethereum 2.0…. At the end of the competition period, the mainnet version of either one with the most votes will  will provide 50% trading fee discount to its testnet voters for a full month. Register account on Binance. On August 28, Changpeng Zhao (aka “CZ”), Co-Founder and CEO of Binance, explained during an AMA (Ask Me Anything) that Binance had invested in two futures platforms: one they bought and one they built themselves (with … This category only includes cookies that ensures basic functionalities and security features of the website. So, how could the world’s largest exchange entering the futures and margin trading market affect the rest of the cryptocurrency industry? At the end of the competition period, the mainnet version of the platform  with the most votes will provide a 50% trading fee discount to its testnet voters for a full month. Though Zhao did not mention any timeline for the launch of the new platform, according to Coindesk, the testnet of the platform might be launched in around two weeks.. MARKETorder: the final FILLED result of the order will be return directly. ACK and RESULT are supported. The Binance futures markets, although currently available in closed invitation-only mode, have registered trading volumes of $150 million in Tether (USDT). Binance Open Interest on Futures Testnet Hits $150M USDT in 24hrs September 10, 2019 / in Bitcoin / by Bitcoinist. We are delighted to announce the launch of not one, but two Binance Futures Testnet Platforms to better serve our users! Please make your investments with caution. Announced at the beginning of July, the launch Binance’s futures trading platform has been one of the most anticipated events this summer. At the end of the competition period, the mainnet version of the platform  with the most votes will provide a 50% trading fee discount to its testnet voters for a full month. The two testnet platforms for futures products have … 2020-04-17 1. However, with Binance being such a powerful force in the cryptocurrency markets, it’s essential to examine what affect Binance’s move into margin trading, including giving traders the ability to short digital assets, will have in the broader crypto-sphere. This website uses cookies to improve your experience. This is because traders who get liquidated or make a loss have irrevocably lost their funds. Trading on Binance Futures is possible without verification of the main Binance account. Spot trading is a term used to describe trading between assets you own, rather than those you’ve borrowed. merc123123 January 15, 2021, 7:37am #3. Trading volumes reached $150 million, denominated in Tether (USDT). These cookies will be stored in your browser only with your consent. Our content is updated regularly to keep our privacy-minded readers safe, informed & up to date. Blockchain and crypto asset exchange. To change it, open the Symbol Info panel and select the necessary symbol. Binance Futures allows you to trade various instruments and manually change the leverage for each one. However, users of Kraken’s margin trading platform don’t have the option to pay fees in a native exchange token unlike Binance, which significantly reduces fees, and increases users likelihood to stay within one platform. When trading with leverage, traders can lose their funds far more easily than when using regular spot trading. Choose a VPN from our list of. Risk warning: Cryptocurrency investment is subject to high market risk. At the same time, as Binance get ready for its futures trading launch, it will be interesting to see how the market reacts, and how it compares with other established futures platforms. 2020-05-18 1. Coinbase Reports Ethereum Classic [ETC] 51% Attack,…, Mullvad VPN Review [2020] - Good, But We Liked These More, XRP and Dogecoin [DOGE]: Can These Market Leaders…. The move, allowing users to go long or short on major crypto assets, will enable Binance to become more competitive with the likes of … In other words, traders using the platform trade futures contracts, rather than ever actually owning the underlying asset itself. The only thing that we need is the api key. Binance Announces the Launch of Two Binance Futures Testnet Platforms On Monday (September 2), Binance announced the launch of two Binance Futures Testnet Platforms. You have entered an incorrect email address! The Python module UNICORN Binance WebSocket API provides an API to the Binance Websocket API`s of Binance , Binance Margin , Binance Isolated Margin , Binance Futures , Binance Jersey, Binance US, Binance JEX, Binance DEX and Binance DEX Testnet and supports the streaming of all public streams like trade, kline, ticker, depth, bookTicker, forceOrder, compositeIndex … A total of 10,000 BNB will be given away to users that participate in each Futures Testnet Platform. Litecoin Just a 'Glorified Testnet of BTC?' POST /fapi/v1/order 2.2. I didn't really like either one. 2020-04-14 WEB SOCKET STREAM 1. GET /fapi/v1/openOrder 2.7. Binance’s margin platform will be the beginning of ‘Binance 2.0’, which will deliver the same unified platform Binance exchange users are accustomed to, but with the added functionality of margin trading via Binance’s advanced trading engine. A total of 10,000 BNB will be given away to users who participate in testing both Futures Testnet Platforms. Binance has also implied that it is looking into launching a futures exchange option with up to 20x leverage initially, which will see a testnet release sometime next week. Crypto exchange Binance on Monday launched two testnet platforms for its upcoming digital asset futures products. You will be able to login and see your prize via Distribution History > Account Center. Competition Period: 2019/09/03 00:00 AM - 2019/09/08 00:00 AM (UTC), Participate now: https://www.binance.com/en/vote/13, Activity 1: Vote For Your Favorite Futures Platform. As Binance is such a huge exchange, the potential for this to affect the market is high. Binance’s native token BNB […] Necessary cookies are absolutely essential for the website to function properly. Unlike the perpetual contracts, the quarterly futures have delivery date (i.e. Q: How do I open a testnet account and generate a testnet API key for Futures? In fact, the top 10 participants in the promo have registered ROEs of at least 165%. Conversely, BitMEX, the most widely used cryptocurrency margin trading platform, does not allow standard custodial trading of assets. What Is Binance’s Wider Business Strategy? 2. Following a testing period on its two futures platforms, the leading exchange marked significant interest. But opting out of some of these cookies may have an effect on your browsing experience. During the competition period, participants will be ranked in terms of the total USDT trading volume transacted (including both Buys and Sells) on each of their Binance Futures accounts within the simulated trading pairs. Binance Futures Launches Mondays & Tuesdays Bounty Promo: Round 2, ​​​​UNFI Trading Competition - $50,000 in UNFI Tokens to be Won, Binance Fiat Invite Program: Invite a Friend to Get $5, Give $5 [Extended], $10,000 Giveaway and More: Win a Macbook Pro or a PlayStation 5 by Trading Crypto on Binance P2P. In anticipation of its planned cryptocurrency futures products, leading crypto exchange, Binance has launched two futures testnet platforms. Bitcoin futures on Binance are traded against Tether (USDT). Facebook: https://www.facebook.com/binance, Instagram: https://www.instagram.com/binance. For exchanges which have a comparatively smaller market share of leveraged trading products, such as Kraken which offers just 5x leverage, Binance’s margin trading options could quickly become a more popular route for traders who are already highly familiar with Binance. New field closePosition in response to endpoints: 2.1. These cookies do not store any personal information. Binance plans to give away up to $10,000 BNB (over $215,000) in potential winnings to participants for both platforms. There is now a 5 requests/second restriction when connecting/disconnecting and/or sending message… Binance reserves the right to disqualify trades that are deemed to be wash trades or display attributes of market manipulation. Dubbed Future A and Future B, both platforms will allow traders to trade crypto futures in a simulated mode and vote for their favorite platform. The move, allowing users to go long or short on major crypto assets, will enable Binance to become more competitive with the likes of BitMEX. After making a deposit on the exchange you needtransfer them to a separate futures wallet. The information was released by the company in a recent blog post informing they have been working on these platforms behind the scenes. BitStarz Player Wins Record-Breaking $2,459,124! The process will begin at 00:00 AM on Tuesday the 3rd of September 2019 and will run for five days until 00:00 AM on Sunday t… This trading option, highly similar to Binance’s margin trading products, has been widely used; offering low fees and instant settlement. This website uses cookies to improve your experience while you navigate through the website. GET /fapi/v1/order 2.4. © 2020 Blokt - Kingford Enterprise Limited, Richmond Bridge House, 419 Richmond Road, Richmond, Twickenham, TW1 2EX, UK. Battle for Binance Futures: The Futures Are in Your Hands! The testnet platform which garners the maximum votes will be launched as Binance’s official futures platform, according to the official announcement. Currently @binance is running a testnet for two proposed futures exchange platforms. A total of 10,000 BNB will be given away to users who participate in testing both Futures Testnet Platforms. But perhaps more important than the voting results is the sheer opportunity that Binance Futures presents to users. In a blog post published on January 30, 2020, cryptocurrency trading platform Binance announced that it will launch ADA/USDT perpetual contract with up to 75x leverage.. Cardano (ADA) Contracts Arrive at Binance. Our team has been hard at work behind the scenes to develop two Futures Platforms in parallel, giving you the freedom to choose. Privacy, Tech, Bitcoin, Blockchain & Cryptocurrency. Allowing a huge volume of traders to open short positions on a high volume exchange such as Binance may affect the broader market, however. At the bottom of this panel there is a Leverage field where you can change the value and apply it by clicking the Enter button. Elliot is a blockchain, fintech and cryptocurrency copywriter from the UK. Before proceeding with real cryptocurrency trading, traders can practice on a test version of the platform - https://testnet.binancefuture.com/en/futures/BTCUSDT. We would like to show you a description here but the site won’t allow us. However, as the platform matures, Binance may decide to increase this leverage cap, reflected in their plans to offer futures trading with up to 100x leverage. Buy and Sell European-style Vanilla Options. We publish guides, reviews and news on tech, cryptocurrency, Bitcoin, blockchain & privacy. With BitMEX, users must transact solely in Bitcoin (XBT), used to credit accounts, open positions, and also for settlement. On a most basic level, Binance’s leveraged trading options could now be a competitor to other trading platforms, such as BitMEX or Kraken. New parameter closePosition for endpoint POST /fapi/v1/order: If a STOP_MARKET or TAKE_PROFIT_MARKET order with closePosition=true is triggered，all of the current long position( if SELL order) or current short position( if BUYorder) will be closed. In this “Battle for Binance Futures,” the world’s leading cryptocurrency exchange is giving away a total of 10,000 BNB to users that participate in each of Futures Test Platform. We also use third-party cookies that help us analyze and understand how you use this website. @binance just announced Binance Futures which will support 20x leverage for Bitcoin futures in the coming months. To make things more interesting, Binance has announced to offer a discount of 50 percent on its trading fee for one whole month to all the participants voting for the winning testnet. Could you be next to win big? The votes will be counted only from participants that engage in trading on the platforms in this activity, with each participant having the right to one vote only. Binance, an exchange renowned for its ease of use and beginner-friendly exchange interface, may have to think carefully about how it markets and integrates advanced trading products into its regular interface, to protect investors. To be eligible, participants will also be required to maintain at least the originally allocated 100,000 USDT in simulated funds in each of their futures accounts by the end of the competition period. Binance is currently a custodial asset exchange, where users are in control of their own funds, and place trades and purchase assets using either fiat or many cryptos to crypto pairs. 1 Like. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. Binance Futures API library for Python. the quarterly futures expire every three months). Participants must use the same email account to register for the two futures platform. Instead, with the Binance 2.0 platform, users can move funds easily from their primary wallet, where they own and have custody of their own assets, easily into their margin trading wallet. All participants will be allocated 100,000 USDT in simulated funds** on each of Futures A and Futures B by signing up for both platforms. Enjoy increased leverage without risk of liquidation, Mine more rewards by connecting to the pool, Get an instant loan secured by crypto assets, Become a liquidity provider & earn double. Trading volume refers to total buys and sells (excluding wash trades). POST /fapi/v1/batchOrders 2.3.