Binance Officially Launches Margin Trading for All Users Binance crypto exchange on Thursday morning officially announced the full launch of margin trading on its platform.

Binance officially launches margin trading for all users

Cryptocurrency exchange Binance on Thursday morning officially announced the full launch of margin trading on its platform.

Initially, Binance users will be available trade opportunity with a leverage of up to 3: 1, however, sources familiar with the situation say that its size will be increased in the near future, notes Finance Magnates. Binance also recently announced its intention to launch futures trades with leverage support up to x20.

“Trading on margin is Binance's latest initiative to further develop the industry and expand the trading opportunities within it,” the company writes in a blog post. - Margin trading allows traders to use borrowed funds in order to increase leverage, whereby the potential profitability is growing in comparison with conventional trading. However, margin trading carries a higher level of risk, especially in light of the current volatility of the cryptocurrency market. ".

List of trading pairs, available to margin trading has not changed since testing:

• BNB-BTC
• BNB-USDT
• BTC-USDT
• ETH-BTC
• ETH-USDT
• TRX-BTC
• TRX-USDT
• XRP-BTC
• XRP-USDT

“While the existing cryptocurrency market both carries significant benefits and risks in the context of margin trading, we are confident that this development, coupled with increased knowledge of risk management, will lead to positive consequences in the long term,” said Binance co-founder Yi Hye, adding. that margin trading was “one of the most functions in demand among users "long before it was added.

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