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Crypto Exchange Binance to Launch Quarterly Bitcoin Futures

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Binance Holdings Ltd., the top spot cryptocurrency exchange by trading volume, is adding to its suite of derivatives products with quarterly Bitcoin futures.

The new contracts will be settled in Bitcoin and expire on the last Friday of each three-month period, and are part of a broader strategy to introduce futures with fixed settlement dates, Binance CEO Zhao “CZ” Changpeng said in a interview. The new product is available on the firm’s web trading interface and will be accessible on the mobile version at a later date, Binance said in a release.