Binance is preparing to launch margin trading

Binance, one of the largest crypto exchanges in the world, is preparing to launch margin trading on its platform.

The company announced its plans on Twitter-blog – a publication from Binance also presented a screenshot that shows what the future interface of the platform for margin trading will look like. It is already known that users will not only have access to the light mode, but also the dark one. Changpeng Zhao, the general director of Binance, first spoke about such an intention of the crypto-exchange. He reported on the support of margin trading during the online broadcast, which was conducted shortly after the hacker attack on Binance, as a result of which the attackers managed to steal 7 thousand BTC-coins.

Dark mode ? or Light mode ?? #Binance pic.twitter.com/pGSb1np4yp

Binance (@binance) May 24, 2019

So far, the exact launch date of the new tool remains unknown. Note that, until now, the company did not dare to provide its customers with access to margin trading, while Binance competitors, in particular Huobi Pro, Poloniex, as well as BitMex and Kraken, have already taken this step.

Binance is actively developing, recently the company added support for the acquisition of cryptocurrency with the help of fiat funds in three countries – Singapore, UK, Uganda. Despite the fact that the crypto-exchange has survived a hacker attack, the crypto market is still interested in Binance. This week, the rate of BNB, a native crypto-exchange token, for the first time exceeded the level of $ 30.