Binance Launches Margin Trading Service, Expects To Revolutionize The Industry

After months of waiting, Binance has finally launched margin trading on its exchange platform, which will allow users to take higher risks for higher profitability. The move is part of the company’s goals of pushing forward the industry, while also enhancing freedom of money.

Commenting on the introduction of margin trading services on the platform, Binance CEO 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 is one of the most popular trading options, especially in traditional investment markets like stocks and commodities. They bring higher profitability to the table, which doesn’t come without higher risks and increased volatility.

Binance co-founder Yi He stated that though margin trading poses greater risks in crypto markets at the moment, further development and optimized risk management, in the long run, will increase benefits. Yi also said that margin trading was among the most requested features on the platform by the community members, which indicates high demand for this service.

Binance announced its plans for introducing margin trading in June, when it launched the highly anticipated Binance 2.0 platform, which is nothing but an optimized interface for the exchange, with new features. Apart from the margin trading service, the new 2.0 platform also offers an advanced trading engine, with “better order matching and press indexes for margin level calculations to enable lower liquidations.”

Binance 2.0 will allow moving funds from Margin Wallet to the primary wallet, and vice versa, without any transactional charges.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

Related Articles

Back to top button
Bitcoin (BTC) $ 61,132.38
Ethereum (ETH) $ 3,297.83
Tether (USDT) $ 0.999918
BNB (BNB) $ 565.54
Solana (SOL) $ 128.19
XRP (XRP) $ 0.479637
Dogecoin (DOGE) $ 0.118231
Cardano (ADA) $ 0.374503