The largest cryptocurrency exchange Binance will launch margin trading

Soon margin trading will appear on a crypto- exchange in Binance, which the exchange hinted at in its Twitter account.

The screenshot shows the updated exchange interface in dark and light mode. Binance asked its subscribers which of the options they like more.

The letter "M" immediately after the BTC / USDT indicates that this is a section of margin trading of the exchange, the bottom shows an "important reminder" for users:

“Margin trading gives a higher profit than traditional trading, although it carries great risks. In the event of extreme market volatility, your assets may be liquidated. ”

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

– Binance (@binance) May 24, 2019

Immediately after the tweet Binance, the general manager of the Changpen Zhao (CZ) called on subscribers to express their opinion on the color scheme.

Who's paying attention here? https://t.co/vl4suaId8h

– CZ Binance (@cz_binance) May 24, 2019

The price of Binance Coin responded immediately, jumping 8% to a new historical high of $ 33.72.

CZ hinted that margin trading is in the final stages of testing. The exact date of its introduction on the platform is still unknown, however, it’s probably not long to wait.

Margin trading allows you to enter a position in excess of the amount of your assets; traders can use borrowed funds to trade.

At the moment, Bitmex is the most popular crit-currency trading platform for margin trading, but with the launch of this market, Binance will have a serious competitor.

Publication date 25/05/2019
Share this material on social networks and leave your opinion in the comments below.