Coinspeaker Binance Launches Margin Trading Service for Evolving Cryptocurrency TradersThe global cryptocurrency exchange and blockchain ecosystem comprised of several arms to serve the greater mission of blockchain advancement, Binance, today announced the launch of its Margin Trading platform. As part of Binance’s effort to help push the industry forward and freedom of money, the company is expanding its trading possibilities, similarly to existing leveraged trading features on traditional markets.CEO of Binance, CZ (Changpeng Zhao) said:“This is another step in providing an inclusive cryptocurrency trading platform catering to the needs of both advanced institutional traders and retail traders under the same roof. We are providing a new tool in the financial services and cryptocurrency markets to help amplify trading results of successful trades.”Margin trading confers to a higher profit potential than traditional trading for leveraged positions, but also comes at a greater risk, which relates to the current volatility cryptocurrency market. Margin trading in cryptocurrency trading can be used to open both long and short positions, where a long position reflects an assumption that the price of the asset will go up, while a short position reflects the opposite.Binance hopes to continue informing and raising more awareness on conscious trading for its communities on margin accounts to help them realize better profitability, lower risks, and more portfolio diversification.Yi He, co-founder of Binance, said:“Though the current cryptocurrency market and legacy platforms for margin trading poses greater risks and benefits at the same time, we are confident that its development coupled with more knowledge on proper risk management will help realize greater benefits in the long run. With margin trading being one of the most requested services from our community, this is a testament to the large market demand from retail and institutional traders alike and its promising possibilities in the future.”Binance 2.0: One Platform, Two FunctionsThe Binance Margin Trading platform is hosted under a newly optimized interface for accessing both its exchange platform and the Margin function to better serve the fast-evolving cryptocurrency traders seamlessly within one user account and familiar interface. The 2.0 platform also features an advanced trading engine for better order matching and press indexes for margin level calculations to enable lower liquidations.The new Binance 2.0 platform also allows its users to move funds easily from the Margin Wallet to their primary Binance Wallet without any transaction fees. Binance Margin provides the option to choose collaterals from a diverse spread of cryptocurrencies, also enabling users to pay for margin trading fees with Binance Coin (BNB).Learn how Margin Trading on Binance works from Binance Academy’s guide: http://www.binance.vision/tutorials/binance-margin-trading-guideAbout BinanceBinance is a blockchain ecosystem comprised of several arms to serve the greater mission of blockchain advancement and the freedom of money. Binance Exchange is the leading global cryptocurrency exchange by trading volume, with users from over 180 countries and regions.The Binance ecosystem is also comprised of Binance Labs (venture capital arm and incubator), Binance DEX (decentralized exchange feature developed on top of its native blockchain and community developed software system, Binance Chain), Binance Launchpad (token sale platform), Binance Academy (educational portal), Binance Research (market analysis), Binance Charity Foundation (blockchain-powered donation platform and non-profit for aiding in sustainability) and Trust Wallet (its official multi-coin wallet and dApps browser).For more information, visit: https://www.binance.comAbout Binance Margin TradingBinance Margin Trading allows users to leverage their digital assets as collateral to borrow funds from the Binance exchange to help them create leveraged trading by a margin and provide potential amplified gains within the cryptocurrency’s bear and bull markets.DisclaimerPlease be mindful that margin trading is highly subjected to market risk, volatility, and complexity. It is a sophisticated product and you are highly advised to exercise prudence and caution. While Binance will do its best to give you a pleasant and secure trading experience, we will not be responsible for your losses incurred from your trading activities.Binance Launches Margin Trading Service for Evolving Cryptocurrency Traders
Drone Attacks On Saudi Oil Facilities Push Prices Up Depleting Global Reserves by 5%
Monday September 16, 2019
Coinspeaker Drone Attacks On Saudi Oil Facilities Push Prices Up Depleting Global Reserves by 5%As a result of an attack on the oil processing facilities in Saudi Arabia which destroyed around 5.7 million barrels of daily production, crude oil prices have surged and hit their highest point in 2019, since May. On Saturday, carefully planned […]
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