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Binance is building out a derivatives platform — here’s everything we know

by Celia Wan

May 16, 2019, 3:56PM EDT  ·  3 min read

Quick Take

  • Binance is said to be building out its much-rumored derivatives platform featuring perpetual swaps
  • This move may pit the popular spot exchange against derivatives giant BitMEX, which invented perpetual swaps and has been raking in millions from them
  • Binance may define its edge in the market by building a matching engine that works better than BitMEX’s, which is plagued by the system overload problem 

by Celia Wan

May 16, 2019, 3:56PM EDT  ·  3 min read

Binance is looking to gatecrash the crypto derivatives market, a move that can put it up against exchange giant BitMEX.  

Talks that the world’s largest crypto exchange by volume is building a derivatives trading shop have been going on for a while, with few details disclosed to the public. However, smart order routing firm Bitsian CEO Raakhee Miller and CTO Steven Brucato told The Block that Binance is building an exchange platform that offers perpetual swaps, a derivatives product unique to cryptocurrencies and popular in Asia.