Binance Acquires Derivatives Specialist JEX

Cryptocurrency exchange Binance told Finance Magnates on Monday that it has acquired JEX - a platform for trading digital assets.

The company, which appears to be Chinese, specializes in providing its customers with cryptocurrency derivatives products, including options and futures contracts.

Now that Binance has acquired it, JEX will be rebranded as Binance JEX. In a statement, Binance said that the Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term would help it to provide a more "professional service" to its clients.

“JEX has a seasoned developer team with proven experience in cryptoasset product development," said Binance co-founder Yi He.

"JEX has developed solid derivatives product offerings including perpetual contracts and options, which are aligned with Binance’s product roadmaps [sic] in the cryptoasset derivatives market."

"We hold an open mind and welcome more partners to join the Binance ecosystem. We look forward to delivering more innovative derivative products in the future as Binance JEX.”

The derivatives race

Binance's acquisition comes amidst growing interest in the cryptocurrency derivatives market.

The Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term has been at the forefront of this, announcing the addition of futures trading to its platform earlier this year.

Binance said last week that the new products would be available in September and, on Monday, the firm launched two new trading platforms for testing by the public.