Apifiny, the multi-exchange crypto trading platform, announced the launch of perpetual futures trading with Binance, available through Apifiny Connect. The move to broaden Apifiny’s offerings and introduce derivative trading will benefit sophisticated institutional traders who are looking for hedging and risk management options for their crypto portfolio.
According to CryptoCompare’s July 2022 Exchange Review report, the crypto derivatives market is growing in volume, with the first half of the year pushing overall crypto derivatives volumes on exchanges to $4.51 trillion in July, 2022. Currently, Binance holds a 23.4 billion 24 hour derivative trading volume and 27% market share of future contracts.
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Perpetual futures is an iteration of future contracts with no pre-specified expiration date. Through perpetual futures, traders can utilize the benefits of leverage to enhance capital efficiency, and also have the ability to take long or short positions to manage the risk of their portfolio. At launch, Apifiny will offer perpetual futures trading in top USDT pairs, including ETHUSDT, BTCUSDT, AAVEUSDT, SOLUSDT, MATICUSDT, with up to 125 times the leverage.
“Given our strong offering on spot trading, it is absolutely essential to have perpetual futures trading on Apifiny Connect,” said Haohan Xu, CEO of Apifiny. “Futures trading is as integral to crypto as spot trading, and we believe that the additional developments and accessibility in this market will continue to unlock significant growth for our users.”
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To date, Apifiny has connected with over 20 of the top 100 global digital asset exchanges by trading volume, including Binance, Coinbase, FTX, Kucoin, and OKCoin’s exchanges, amongst others. The company delivers global trading via a single interface, along with the best available pricing across connected exchanges providing access to deep global liquidity, superior price discovery, higher fill rates and capital utilization. Apifiny’s launch of perpetual futures trading on the platform is the first of many derivative trading enhancements to come in the upcoming months.
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