One of the world’s largest cryptocurrency exchange by trade volume, Binance will be offering crypto futures contracts soon.

This was revealed by no other than the founder and CEO of Binance Changpeng Zhao (CZ) at the crypto conference in Taipei and will be directly competing with BitMex.

Futures allow traders to make bets on future price movements and obliged the parties to buy or sell at a predetermined price.

It is not yet known when the actual date of the launch of the futures contract and the company has yet to reveal what assets will be available to wager on.

Binance exchange is an international market operator based of Malta and widely considered as one of te most liquids markets in the whole crypto industry.

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