The Binance cryptocurrency exchange (@binance) has launched quarterly Bitcoin futures contracts. The tool, which received the BTCUSD Quarterly Futures ticker, is already available in the web version of the Binance Futures derivative platform. The mobile version will be released a little later.
The new instrument belongs to the class of settlement futures denominated in Bitcoin. The expiration is the last Friday of the corresponding three-month period. The first batch of contracts will be executed on September 25, 2019. Like perpetual futures, quarterly futures are available for trading with leverage up to 125x.
In honour of the launch of the new tools, Binance arranged a 30-day promotion. Up to 0.015% of the maker commissions will be returned to users, and the taker commission was set at a fixed level of 0.02%.