The main feature that enticed large hedge fund traders to trade on there over the likes of Binance was because they offered unlimited size on altcoins; most altcoins on binance futures are limited to about $2 million notional, so if you want to build a large position, you'd have to apply for a subaccount for each position and manage them separately.
But no, they didn't offer any unique products their competitors don't have.
That's right. Binance has very low limits for your 'max position size' on most altcoins, often between $2 to 3 million unless it's one of the top 10 tokens, regardless of how much collateral you have in your account.
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The main feature that enticed large hedge fund traders to trade on there over the likes of Binance was because they offered unlimited size on altcoins; most altcoins on binance futures are limited to about $2 million notional, so if you want to build a large position, you'd have to apply for a subaccount for each position and manage them separately.
But no, they didn't offer any unique products their competitors don't have.
Could you clarify? Do you mean that the accounts had a maximum amount of normal they could carry?
That's right. Binance has very low limits for your 'max position size' on most altcoins, often between $2 to 3 million unless it's one of the top 10 tokens, regardless of how much collateral you have in your account.