Binance Futures Told What Leverage Their Users Prefer to Use
The developers of one of the largest cryptocurrency exchanges Binance relatively recently added the ability to trade futures in a mobile application for iOS. After a while, representatives of the site decided to tell with what margin the vast majority of users prefer to trade. https://twitter.com/binance/status/1204106670420291586 The company claims that just two months after the launch of the Binance Futures division, the average daily trading turnover amounted to 370 thousand Bitcoins, which at the current rate is approximately $2.7 billion. Statistics shows, 60% of transactions in derivatives trading are opened using leverage x20 and higher, and 21% of traders even prefer to use the maximum possible value - x125. Important to note is that large leverage is inherent in retail traders, but institutions that provide 81% of trading volumes prefer leverage up to x20.