To close the position, you buy back USD 10,000 worth of contracts and simultaneously sell the equivalent of Bitcoin (10,000/55,000 = 0.1818 BTC). In this trade, your profit will be calculated as such: Quantity of Bitcoins at Entry – Quantity of Bitcoins at Exit = 0.2 – 0.1818 = 0.0182 BTC .
Read moreIs Future Trading good in Binance?
Main Takeaway: Binance Futures offers a huge selection of cryptos with new coins being listed constantly to provide traders with the best trading experience . Users can take advantage of low trading fees, a generously wide range of leverage, and high liquidity to perform their trades.
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