Binance is exploring the derivatives trading market for cryptocurrencies by acquiring a Chinese crypto-asset trading firm called JEX. Binance, a cryptocurrency exchange platform that boasts of owning the world’s most substantial cryptocurrency trading volume, has announced its acquisition of JEX, a cryptocurrency options, and futures trading exchange. The major procurement signifies that Binance is increasingly interested in the cryptocurrency derivatives trading market. While the cryptocurrency exchange giant announced its margin trading services earlier this year, the latest acquisition will enable the company to provide its users with access to the futures contracts and options trading market. Tapping into derivatives trading
