What is Binance?
Binance is a cryptocurrency exchange based in Hong Kong and one of the industry's leading firms. It launched in July 2017 and has since grown to become the undisputed leader when it comes to trading volumes on a crypto exchange.
Binance Supported Cryptocurrencies
Binance has more than 600 different cryptocurrencies supported, making it one of the best cryptocurrency exchanges for variety. The platform also has a quality assurance system, which is designed to ensure delisting of projects that fail to meet listing requirements.
On September 17, 2019, Binance launched its futures trading. Futures are also known as option contracts. An option contract is a contract that gives the holder of the option a right—but not an obligation—to buy (call option) or sell (put option) a certain asset at a certain price. Certain options give you the right to exercise the option before expiration, while other options are only permitted to exercise during a specific date. Here, you can trade four different types of futures: USD-M, COIN-M, Binance Leveraged Tokens and Binance Options.
Binance OTC Trading Portal
Binance has an OTC desk, which allows users to send larger transactions without the risk of slippage. The minimum trade size for the OTC Trading Portal is equivalent to 200,000 USDT (or $2 million), and 25 different coins and tokens will initially be available for trading. Users simply need to have a KYC verified (level 2) account on Binance to begin trading.