The first futures from this category are already presented on the Binance Futures derivative platform under the name 'BTCUSD Quarterly 0925'
The expiration date is the last Friday of each three-month period, in this case September 25, 2020. As open-ended contracts, quarterly futures contracts are available for trading with leverage up to 125x, support both stand-alone and cross-support.
'Since the launch of the Binance Futures in September 2019, we have worked hard to provide users a stable and fast platform with low commissions, said in a press release CEO Binance Changban Zhao. – Today we are pleased to announce the launch of the first quarterly futures contracts, supplementing the existing list of financial products.'
Within 30 days from the launch of new futures, users will receive a refund of trading commissions for operations on the side of the makers.
These are the first Binance futures with a fixed closing date. In the future, the exchange may also launch monthly and weekly contracts, depending on the success of quarterly futures. She did not disclose plans to add contracts based on other cryptocurrencies.