Following the month of the speculations, the world’s well-known cryptocurrency exchange, Binance has officially and publicly launched its Margin Trading Service on July 11.
Binance 2.0 – Long-Awaited Bitcoin Trading Feature
Despite margin trading carries a significant risk of funds or loss, many crypto exchanges have already rolled this service. Binance was on the exchange which hasn’t introduced this feature. According to the blog post of Binance, published on July 11, crypto traders can now access margin trading feature on Binance’s newly launched trading hub “Binance 2.0″.
Binance Offcial Blog
For those who’re new to the concept of margin trading, “ it’s the form of trading where eligible traders will be able to borrow funds from the exchange to increase their leverage. It doesn’t always a potential way of trading; it comes with a greater risk due to volatility in the price of the cryptocurrency market. Talking about the newly launched margin trading feature, Binance CEO CZ states 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,”
It was one of the long-awaited feature, request by Binance community. The new version, Binance 2.0 features an “an advanced trading engine for better order matching and press indexes for margin level calculations to enable lower liquidations.” According to the reports, the exchange has launched a specific margin trading wallet without fees – wherein, traders from this wallet can send funds to their primary Binance wallet.
At the initial phase, the exchange has released limited crypto assets that will be used for margin trading – Bitcoin (BTC), Ether (ETH),