Crypto exchange unicorn Binance will launch Binance Coin (BNB) futures trading on Feb. 10.

As the 17th cryptocurrency bachelor on Binance's futures trading branch, BNB comes with 50x leverage, paired against Tether's USDT stablecoin, Binance detailed in a February. vii printing release provided to Cointelegraph.

BNB pumped with the balance of the market

Binance's BNB coin has already rallied several dollars this calendar month, hit a price of $22.16 by press fourth dimension. Cointelegraph annotator and trader Keith Wareing sees upcoming need for the BNB asset itself.

"Looking at trading volumes on Binance, information technology'due south clear they don't have to sell whatsoever of their s***coin for revenue," Wareing said in a Telegram bulletin, adding:

"Every bit such, during the forthcoming bull run, their position as one as one of the nigh trusted and secure exchanges in the space guarantees to add demand to the BNB token, then I expect it to outperform all other tiptop 10 assets if the Bitcoin bull run continues."

Digital asset trader and social media personality Crypto Dog suggested information technology was pro-BNB in a Feb. 7 tweet, saying, "Anybody else like BNB?" The crypto-Twitter crowd posted a mixed pocketbook of positive and negative reviews in response.

Binance grew speedily

Binance got pop quickly afterwards its 2022 launch. Past summer 2022, the exchange saw more than than $1 billion in unmarried day trading volume. Binance shortly after collected $78 million of profit in the first quarter of 2022.

The business connected its expansion throughout the offset one-half of 2022, funneling millions of dollars in volume through its Binance Launchpad for various initial exchange offerings, or IEOs.

Several months prior to its futures trading platform launch, however, Binance banned U.S. customers. Since the ban, the commutation has opened upwards a U.S. co-operative, too as grown its futures trading platform, hosting Bitcoin futures with 125x leverage, which is substantively faster than others.

This new offering comes on the heels of releasing Zcash (ZEC) futures trading earlier this week.