Binance Oficially Launches its Margin Trading Platform

Coinspeaker Binance Oficially Launches its Margin Trading PlatformBinance announced the launch of their Margin Trading platform that will now be available for all eligible users on Binance.com.Margin trading is the latest development in Binance’s effort to push the industry forward and toward the freedom of money, expanding its trading offerings.It allows traders to borrow funds to increase leverage, providing higher profit potential than traditional trading. However, this also comes with a greater risk, given the current volatility of the cryptocurrency market.CEO of Binance, Changpeng Zhao said that 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.”As per company, margin trading is a method of trading assets using funds provided by a third party. When compared to regular trading accounts, margin accounts allow traders to access greater sums of capital, allowing them to leverage their positions. In that way, margin trading intensifies trading results so traders are able to realize larger profits on successful trades.This ability to expand trading results makes margin trading especially popular in low-volatility markets, especially in the international Forex market. However it has been known to be used in stock, commodity, and cryptocurrency markets.Usually, in traditional markets, the borrowed funds are provided by an investment broker. In cryptocurrency trading, however, funds are often provided by other traders, who earn interest based on market demand for margin funds. Sometimes, event hough not often, cryptocurrency exchanges can provide margin funds to their users.Binance here hopes that they will 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 that even though the current cryptocurrency market and legacy platforms for margin trading poses greater risks and benefits at the same time, Binance is confident that its development coupled with more knowledge on proper risk management will help realize greater benefits in the long run. He added:“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.”The exchange has launched a specialized Margin Wallet, from which funds can be moved to the Binance Wallet without fees. Users can choose from collaterals, marginable assets and pairs that are extending across six cryptos: Bitcoin (BTC), Ethereum (ETH), XRP, Binance Coin (BNB), Tron (TRX), and Tether (USDT).Of course, Binance isn’t the only one that chose to have this service. Other exchanges are OKEx, Kraken, GDAX, Bithoven, DX Exchange and BitMEX.However, this new platform is the latest move from an exchange which seems determined to expand access to crypto. They have already opened several subsidiary marketplaces, such as Binance Jersey, as well as a non-custodial exchange. They also announced plans for a flat entrance in the United States and is seeking to become a launchpad for new token offerings.Binance Oficially Launches its Margin Trading Platform

Coinbase May Soon Launch Its Own IEO Platform and a New Token
Wednesday September 11, 2019

Coinspeaker Coinbase May Soon Launch Its Own IEO Platform and a New TokenCoinbase, San-Francisco based cryptocurrency exchange, is considering the launch of an initial exchange offering (IEO) platform and issuing proprietary exchange token. Such information has been provided by Kayvon Pirestani, Coinbase’s head of institutional sales in Asia, during Invest: Asia conference on Wednesday.According to […]

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