Crypto giant Binance has acquired a China-based crypto trading platform, JEX. The new venture will be called as Binance JEX. These initiatives are part of Binance’s effort to capture the crypto derivatives market.

The new joint venture will allow users to engage with different trading instruments. It includes options, futures and other derivative products. Also, Binance will handle JEX tokens alongside the JEX team which will bring more utility for them. With regard to token, the aim is to distribute it to various users through a series of marketing activities and incentives. Binance will eventually re-acquire and burn it in various ways such as trading fee discounts.

Currently, Binance JEX will maintain all the existing services of the acquired platform. this includes spot trading facilities for 21 cryptocurrencies such as bitcoin, EOS, Ether, and Binance’s native asset BNB. Also, the new venture will inherit JEX’s crypto derivatives solutions. This will help the amalgamated entity to offer margined bitcoin futures contracts.

In July, the exchange announced about the Crypto Futures Trading on its platform. Also, in the same month, it launched its Over-the-Counter (OTC) service, Block trading. With the recent acquisition, Binance looks a lot like a one-stop-shop that offers pretty much everything on the table as per the source.