Home Crypto Trader Pro Binance Announces Margin Trading Platform

Binance Announces Margin Trading Platform

by icosuccess
, Binance Announces Margin Trading Platform

Binance, a leading cryptocurrency exchange has been making big strides and adding new product offerings for customers over the past few months. Binance has given their users a sneak peek into its margin trading screen and the reception has been fairly positive as its native token, BNB, surged as much as 10% in response.

On July 1, Binance tweeted: “@cz_binance just announced that #Binance will offer futures contracts in his keynote at the @aba_summit! #ABS2019 #Taipei #Futures“ – and during their announcement, warned that while margin trading can deliver “higher profits”, there are also “greater risks.”

, Binance Announces Margin Trading Platform

This announcement from BNB teased investors, and so far has been without any regulatory backlash. BNB is a utility token and not a security, which has made it increasingly popular for investors. This announcement brought an increase in volume and price as BNB soared roughly 9% following their announcement. The broader crypto market also trades in the green.

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