Founded in 2019, the Binance (Futures) exchange is a centralized platform. According to CoinGecko, the exchange has a low (4) trust score. As of August 2025, 0 cryptocurrencies are traded on the exchange, with being the most active trading pair. The highest trading volume in the last 30 days was reached on 10 May, amounting to 4,252,121 BTC.
Binance Futures is a platform for trading futures contracts, launched by the cryptocurrency exchange Binance in 2019. It provides the opportunity to work with futures and perpetual contracts and to use leverage of up to 125x. There is a demo account (testnet) for trial trading without the risk of real assets.
The platform is a section of the official Binance exchange website. To work with it, you must first create a main spot account and then activate a futures account under the same login.
According to CoinGecko data, Binance Futures is the largest cryptocurrency derivatives exchange by trading volume: the 24-hour trading volume exceeds $26 billion, with nearly $2 billion in positions opened daily. The high demand is mainly explained by the backing of the main Binance platform, which is also an industry leader, and the high leverage of 125x, which opens up wide trading opportunities.
Working with the platform is available in all countries where Binance is accessible — that is, where it is not legally prohibited. Supported interface languages include Russian, Ukrainian, English, Spanish, German; Portuguese, Italian, Chinese, etc. (a total of 20 languages).
Founder and CEO: Changpeng Zhao.
In the futures market, unlike the spot market, settlements do not close instantly. Counterparties, when making a transaction, enter into a contract according to which settlement must occur later, at the moment of a predetermined liquidation of the position at the execution price. Traders operating with contracts do not own the asset; trading is conducted only based on its value.
Another important nuance is the use of initial and maintenance margin for executing a trade. Thus, at the moment of opening a position, the user must have collateral greater than the specified initial margin (individual for each contract). The maintenance margin is the level below which the amount of collateral and unrealized profit cannot fall. If this happens, the position is automatically liquidated.
Current data on initial and maintenance margin for different contracts can be viewed here: https://www.binance.com/ru/support/faq/360033161972
A penalty (fee) is charged for automatic liquidation:
At the same time, the user has the right to close the position themselves at any moment, in which case there will be no penalties.
Another key difference between the spot exchange and the futures exchange lies in the price differences. Futures prices include additional storage costs, so they differ significantly from spot rates. Through funding rates, Binance aims to narrow these levels in the long term. Funding rates are regular payments to traders trading with short or long positions, based on the price difference between the derivatives and spot markets. Funding occurs every 8 hours, at 3:00 AM; 11:00 AM and 12:00 AM.
Current rates:
There are two main directions in futures trading:
You can open long or short positions with leverage to gain additional profit in highly volatile markets (risks also increase).
Guide to starting trading:
On spot markets, profit is available to traders only if the asset's value increases. However, with futures, profitable trading is possible even if the price falls.
The history of transactions made by the trader is located at the bottom of the trading terminal.
Overview of the exchange and trading instructions:
The main token of Binance Futures, just like that of the main platform, is cryptocurrency BNB. Here, you can similarly use its main function, which is to pay a portion of commission fees. Thus, the standard fee for makers is 0.02%, for takers 0.018%, and using BNB can reduce them to 0.016% and 0.0144% respectively, and further as the VIP level increases. At VIP level 9, the fee is zero.
The BNB token is traded, in addition to Binance, on several major cryptocurrency exchanges: KuCoin, HitBTC, BitForex, Gate, and others.
The platform is available in web version from any browser https://www.binance.com/ru/futures
On Android https://play.google.com/store/apps/details?id=com.binance.dev
On iOS https://play.google.com/store/apps/details?id=com.binance.dev
Occasionally, Binance Futures launches tournaments aimed at rewarding the most active traders on the platform. For example, in September-October, $1,600,000 in BNB was distributed in a tournament based on overall team profit. The team with the highest trading volume for the month received a prize of $5000 in BNB.
Additionally, Binance has launched a new feature for online battles. The first trading pair launched within this feature was the perpetual BTCUSD contract. A user opens a position and competes with other users to earn points. If they expect the price to increase in 5 minutes, they choose the long option to indicate their opinion. Conversely, if they expect a price drop, they select short. Once an opponent is matched, the battle begins. Battle results can be shared with friends and are also displayed on the leaderboard.
To start trading futures on Binance, you need to transfer stablecoins USDT from your main exchange balance to your futures account. This is very simple:
Step 1. After opening an account on Binance Futures, click the Transfer button at the bottom right.
Step 2. Enter the required amount in USDT and click the Confirm Transfer button.
Step 3. The available balance after the transfer will be displayed in the order creation section.
No fee is charged for the transfer. If necessary, funds can be transferred back in the same way.
Description of all existing fees for Binance Futures:
| Type of action | Fees |
| Deposit | No fee |
| Withdrawal from futures account to regular | No fee |
| Withdrawal from spot account to external wallet | Depends on currency or withdrawal method https://www.binance.com/ru/fee/depositFee |
| Trading futures USDT-M | Maker — from 0.02% to 0, taker — from 0.018% to 0 (decreases with BNB) |
| Trading futures COIN-M | Maker — from 0.015% to -0.009%, taker — from 0.04% to 0.024% (decreases with BNB) |
To protect user accounts and funds on Binance Futures, the following security measures are implemented:
Developers continuously work on strengthening security measures, and it must be noted that they are doing well: no incidents have been reported with this platform.
You can contact technical support by sending a request on this page https://www.binance.com/ru/support/requests/new
Many questions are addressed in the help center https://www.binance.com/ru/support
There are also representatives in many social networks, which can also be contacted:
https://www.facebook.com/binance
https://www.binance.com/ru/community
https://www.instagram.com/Binance/
| Binance | Bitfinex | Bittrex | Bitmex | Binance Futures | |
| Year of establishment | 2017 | 2012 | 2014 | 2014 | 2019 |
| Number of trading pairs | 873 | 315 | 614 | 59 | 103 |
| Own token | BNB | - | - | - | BNB |
| Margin trading | Yes | Yes | No | Yes | Yes |
| Trading fee | 0.012 — 0.1% | 0.1-0.2% | 0.25% | 0.02-0.07% | 0 — 0.02% |
| Deposit fee | - | 0% for cryptocurrency, 0.1% for bank transfer (at least $60 or euros) | - | - | - |
| Withdrawal fee | Specific for each currency | Specific for each currency | Specific for each currency | Only network fee | - |
| Language support | 20 languages, including Russian | 4 languages, including Russian | Only English | 5 languages, including Russian | 20 languages, including Russian |
| Incidents since inception until 2020 (hacks, blocks) | 2 hacks in 2019. Periodically blocked by Roskomnadzor | Major hack in 2016, no incidents reported later | There is information about hacks in 2019 and 2020 | There were unconfirmed rumors of hacks | None detected |
Trading on Binance Futures is available through API keys free of charge.
All information on how to use the API and guides for developers can be found on this page https://binance-docs.github.io/apidocs/futures/en
You can also find information about the latest changes in the system there.
There are limitations on the speed of order creation, transmission, and generation of API keys.
Binance Futures has overwhelmingly positive reviews. Users note the high level of security, a wide selection of contracts for trading, detailed guides for beginners, and a sufficiently broad trading functionality for creating long and short positions, different types of orders (market, limit, stop-limit).
However, negative opinions can also be found. For example, forums mention situations involving market manipulation:
And another:
Like many others, Binance Futures has its drawbacks. Let's weigh all the pros and cons:
Pros
Cons
The leading positions of the Binance Futures derivatives exchange speak for themselves. Since Binance is a market leader, almost all platforms it launches enjoy quite good demand. The platform we reviewed is no exception, especially since it fully provides opportunities for profitable and comfortable trading of cryptocurrency contracts.
