24-hour trading volume on the futures exchange platform Binance for the first day exceeded $150 million, evidenced by publication of a Reddit user that has access to it. For comparison, the turnover of the largest cryptocurrency derivatives exchange BitMEX for the last days is about $3 billion.
Currently trading on the futures platform requires an invitation, but Binance periodically puts the access codes in his Twitter.
Originally Binance has launched two futures platform for testing a wide range of users 2 Sep. After the initial testing, the company moved trading in real format, simultaneously limiting access to them. During the test period, the turnover of futures platforms amounted to 423 million BTC. «It is a pity that it’s not real volume,» wrote CEO Binance Changban Zhao then.
After the publication of BitMEX futures documentation Binance accused of plagiarism. Zhao explained that the transfer to the platform Binance materials JEX, which was recently bought by his firm, and promised to improve. Later Binance has published its own full-fledged version of supporting information for futures trading.
Also the representative of the Binance in conversation with Cointelegraph commented on the words of one of the testers, who said that the futures platforms currently have a number of shortcomings: «we Need to make a clarification. A platform really allows you to carry out transactions below 1 BTC (lots of 0,001 BTC), but in the web UI there are serious problems of input validation, which is localised for European users of the system may not be able to put a dot as separator».