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.
Within its first two months of operations, #BinanceFutures reached an ATH daily trading volume of more than 370,000 BTC (approximately $2.7B USD at date).
On average, over 60% of traders use 20x or higher.
21% of traders use 125x leverage.
— Binance (@binance) December 9, 2019
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.