Is Binance Futures a spot exchange?

Upon launch, Binance Futures made sure that the trading experience is as similar to their spot exchange as possible, making it very easy for users to transition when needed. This, amongst other things, is what helped it establish itself as the leading futures trading platform.

How to trade Bitcoin futures on Binance?

Trading Bitcoin futures on Binance is simple. The platform only allows trading Bitcoin/USDT with up to 125x leverage, and up to 75x for other cryptocurrencies. In contrast, other margin exchanges allow leverage of up to 100x. There are four types of orders that you can place on the platform:

What are the different order types on Binance futures?

There are many order types that you can use on Binance Futures: A limit order is an order that you place on the order book with a specific limit price. When you place a limit order, the trade will only be executed if the market price reaches your limit price (or better).

What is last price and Mark Price in Binance futures?

To avoid spikes and unnecessary liquidations during periods of high volatility, Binance Futures uses Last Price and Mark Price. The Last Price is easy to understand. It means the Last Price that the contract was traded at. In other words, the last trade in the trading history defines the Last Price.