In an announcement made on September 2 Binance revealed its acquisition of crypto exchange JEX. JEX is a platform that is capable of providing both spot and derivatives trading services. Now the exchange will be rebranded as Binance JEX and offer derivative products including futures and perpetual contracts to Binance users. Moreover, the exchange will soon be offering leverage trading of 20x on the Bitcoin/Tether (BTC/USDT) pair. Cryptopolitan has previously reported about Binance’s plans of launching a futures trading platform. Moreover, it was reported that the platform would only allow leverage trading on the BTC/USDT pair for the time being.
