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

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 
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 […]

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May 5, 2022, 3:17PM UTC