Binance is building out a derivatives platform — here’s everything we know

Binance is looking to gatecrash the crypto derivatives market, a move that can put it up against exchange giant BitMEX.

Talks that the world’s largest crypto exchange by volume is building a derivatives trading shop have been going on for a while, with few details disclosed to the public. However, smart order routing firm Bitsian CEO Raakhee Miller and CTO Steven Brucato told The Block that Binance is building an exchange platform that offer perpetual swaps, a derivatives product unique to cryptocurrencies and popular in Asia.

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