Analytics / Forex and Crypto News
On July 11, crypto exchange Binance has officially launched the margin trading service Binance 2.0. Now crypto traders have gained access to the margin trading function in the Binance 2.0 trading hub. Binance implemented an advanced trading mechanism for matching orders and indices to calculate the margin level in Binance 2.0. Also for margin trading, a special purse without a commission was created, from which traders can send funds to the main Binance wallet. Margin trading allows you to use Bitcoin, Ethereum, XRP, Binance Coin, Tron, and Tether. Trades are conducted in real time and are available to all users who meet the requirements.
Margin trading allows traders to borrow money from the exchange to increase their trading opportunities. At the same time, due to the high volatility of the market, margin trading is accompanied by high risk, which can lead to the loss of all the money.
Representing the margin trading function at the Binance site, Changpeng Zhao stated:
“The introduction of the margin trading function will allow meeting the needs of institutional and retail customers on the same platform.”
Binance Crypto Exchange is not the first exchange that launches margin trading service, despite the high risk of losing your money. But despite this, the Binance community was expecting this event.
During November, ICO-projects sold 416K ETH. This is the largest figure since the summer, reports Trustnodes.
According to Santiment, in August, ICO startups sold only 100,000 ETH. In September, sales of digital currency increased significantly, reaching 300 thousand ETH. In Nov