It is no longer a matter of ‘if,’ but when leading cryptocurrency exchange, Binance will roll out the margin trading feature on its platform.
When the rumors first circulated in March, CEO Changpeng Zhao failed to accept or deny it. However, in subsequent AMA Session that he conducted shortly after the 7000BTC hack on the exchange, CZ, as he is fondly known, confirmed that Binance would launch margin trading although he didn’t provide a timeline for it.
Now, a teaser posted by the official Binance account on Twitter suggests that the exchange may introduce Margin trading sooner than expected. In an update asking users whether they preferred to use Binance’s trading platform in “Light” or “Dark Mode, an attached picture prominently announced the margin trading feature.
The “Important Reminder” on the image carries the famous warning for prospective margin traders,
Margin Trading confers a higher profit potential than traditional trading, but also greater risks. Please be aware that in the case of extreme market volatility, there is even a risk that your assets may be liquidated.
With the latest update, there is no doubt that an official announcement about Binance introducing margin trading will come in the next few weeks if not days.
When it does happen, it will mark another step in the recovery process for the leading cryptocurrency exchange. Since reopening after the unprecedented hack, Binance has rewarded users with 50,000 BNB for the inconveniences and is also in the middle of conducting its fifth Initial Exchange Offering (IEO) on the Binance Launchpad.
Read original at Coinfomania
Author: Wilfred Michael