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Margin Trading Platform: Binance 2.0 Comes With 3x Leverage

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The largest cryptocurrency exchange in the world, Binance, has officially launched a margin trading platform which allows users to use 3x leverage on BTC trades. The headline is all over the latest cryptocurrency news and the Binance 2.0 platform is described as something revolutionary in the crypto community.

After the strong demand from traders, the Binance 2.0 margin trading platform was introduced as a way to allow users leverage their trades across six digital assets including Bitcoin (BTC), Binance Coin (BNB), Ethereum (ETH), XRP, Tether (USDT), and Tron (TRX).

The new margin trading functionality will allow Binance users to amplify their trades by borrowing funds.

As explained before in our altcoin news, if you trade $1,000 with 2x leverage, you are effectively trading with $2,000. In that way, the margin trading platform by Binance lets you leverage your gains where the risk is higher and the downside is also amplified.

The move also expands Binance’s dominance in the crypto exchange arena, pitching it as a direct competitor to platforms such as BitMEX which offers 100x leverage on Bitcoin derivatives. In a recent blog post, the CEO of Binance Changpeng Zhao said:

“This is another step in providing an inclusive cryptocurrency trading platform catering to the needs of both advanced institutional traders and retail traders under the same roof. We are providing a new tool in the financial services and cryptocurrency markets to help amplify trading results of successful trades.”

As we hinted, the margin trading platform is part of Binance 2.0 – a major upgrade from the existing system that comes with an optimized interface and an advanced trading engine for better order matching.

The co-founder of Binance, Yi He, recently acknowledged the dangers of margin trading. However, he also promised that sufficient risk management will be properly set up, stating:

“We are confident that its development coupled with more knowledge on proper risk management will help realize greater benefits in the long run… With margin trading being one of the most requested services from our community, this is a testament to the large market demand from retail and institutional traders alike and its promising possibilities in the future.”

As the coming altcoin news show, Binance is also working on a futures trading platform with 20x leverage.

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Ripple Is Selling XRP At Discount To Institutional Buyers

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ripple is selling xrp
The CEO of Ripple is selling XRP to some institutional buyers at major discounts, reports in the latest cryptocurrency news show. We are talking about Brad Garlinghouse, the CEO of the California-based blockchain startup, who recently confirmed that XRP is sold at discount for some of its clients. Garlinghouse was in the altcoin news after his interview with CNN, when he was asked at what price does the Ripple sell XRP to financial institutions which they are dealing with - and whether the startup gives these institutions discounts and if there is any lockup. The CEO noted that there are times when Ripple is working with financial institutions which want to buy a large amount of XRP. He said that Ripple is selling XRP to them but also that they are careful about any potential lockups which may prevent them from dumping it on the market.
“We would hypothetically have restrictions about what they can sell and how often, and usually those are based upon volume in the market,” Garlinghouse noted.
He also talked about the price at which XRP is sold, being featured in the coming altcoin news for his unique response to the interviewer's question:
CNN asked "So you might give them it slightly cheaper but you say to them, ‘hey, you’re not allowed to sell it for six months, let’s say, or a year’,” on which the CEO of ripple replied “Correct, that’s basically correct,” even though the rest of his statement was cut off.
Also, the CNN interviewer asked Garlinghouse about the proportion of ownership that Ripple has currently, as well as its amount of power and ability to control the price. The CEO replied that Ripple is still the largest owner in the XRP community and that they would never dump XRP which would go "against their best interest." Garlinghouse also said that the team has "taken steps to lock up most of the XRP we own in escrow, so that we can’t touch it.” https://twitter.com/jchatterleyCNN/status/1172151590763016193 What's also interesting is the fact that in August, the CEO of Ripple has confirmed that Ripple hasn't increased - but instead decreased its sales by volume Q/Q and since then, the inflation rate of XRP and the circulating supply has been lower than the one of BTC and ETH. In value, sales for Ripple increased by 48% which is probably another reason why Ripple is selling XRP with a discounts - to trigger further growth. In either case, the company confirmed that it "plans to take a more conservative approach to XRP sales" in Q3 this year. The interview was featured on many best cryptocurrency news sites.
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Square Cash App Is Testing A New Stock Trading Feature: Report

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Square Cash App
The Square Cash App is all over the latest cryptocurrency news for apparently testing a new feature which will allow customers to buy and sell stocks. According to Bloomberg's reports on September 12 which cite a source familiar with the matter, the San Francisco-based startup and its employees began testing the new feature in the recent weeks. Once the Square Cash App releases the new stock trading features, it will allow its users to make free stock trades. Praised on many best cryptocurrency news sites as a great feature, there is a lot of buzz around this - even though Square has reportedly not yet determined the date of the launch of this feature. For those of you who haven't been following our Bitcoin and altcoin news, Square made Bitcoin (BTC) deposits available on its Cash App in late June. At the time, the deposits were limited to $10,000 worth of BTC over the span of 7 days. Square Cash App was limited in terms of transfers too - it could take several hours for one to be confirmed on the blockchain. In July this year, the Square Cash App also announced a giveaway of $50,000 worth of BTC following the growth of its stock price. At the time, the stock of Square was up about 56% in 2019, after starting the year at $57.2 and trading at $81.8 at the time as MarketWatch data showed. The founder of Square Cash App and Square as a company, Jack Dorsey, is also the creator of the social media giant Twitter. Earlier this year, he was putting together a team of dedicated experts committed to improving the crypto infrastructure in general. Back then, he commented on the advantages for Square too, stating:
“Just from a business perspective, we don’t look like an Internet company today. An Internet company can launch something and it’s available around the world. Whereas with payments, you have to go to each market and pay attention to regulators. You need a partnership with a local bank. This is a very slow process in any new market.”
The new announcement about stock trading features on the Square Cash App has been well received by the crypto community.
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Coinbase Pro Excludes UK And New York Traders After Adding Dash

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Coinbase Pro excludes the UK and New York traders from the trading launch after it made a new addition to the platform with Dash as we are about to read more in the coming altcoin news below. The exchange confirmed the addition of the DASH digital coin to its trading mix but the newest addition does not promise the launch on Coinbase. Usually, assets get added on the bigger platform once they start offering retail investors the chance to buy new coins. Coinbase Pro stated, however, that they will not offer the anonymous features of the coin which means that the unknown entities will not be able to deposit or make anonymous withdrawals. The deposits will be opened on Monday and the trading session will start in phases when Coinbase sees the first evidence of enough activity. DASH will be exchanged in pairs against BTC and USD. Dash is one of the oldest crypto coins on the market and it is relying on the proof-of-stake mining along with the Master Nodes for bigger security. The adoption of the cryptocurrency has been very slow which was not expected mainly because of the anonymity features of the coin. For that reason, Dash has been batched together with coins such as Zcash and Monero. The exchanges also are very cautious when listing Dash. Some of the Japanese operators even abandoned the coin months ago. CeX.io which is a London-based exchange delisted the cryptocurrency along with ZEC. Coinbase UK also abandoned ZEC after changing the banking partner. Although DASH is not among the top-five cons, it has maintained a steady price level. The token gained a little on Friday and reached a price of $86.76 which is an increase of more than 5 percent overnight. It was also one of the few digital coins that traded above $1,000 during the bull market in 2017. However, Coinbase PRO excludes the traders from New York and the UK for still uncertain reasons. The anonymous crypto project was first created in 2014 and it is still one of the few that offer a voting mechanism for improvements to its community. One of the biggest issues to its adoption is the high price of owning a masternode which as we reported back in the latest cryptocurrency news is about 1,000 DASH collateral.
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Ethereum Classic Successfully Implemented Its Atlantis Hard Fork

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Ethereum Classic Successfully
The team behind the cryptocurrency Ethereum Classic (ETC) is featured in the latest cryptocurrency news for activating the Atlantis hard fork which was aimed at the improvement of the altcoin and its functionality and compatibility with Ethereum (ETH). Now that Ethereum Classic successfully implemented its new hard fork, the ETC Director of Developer Relations Yaz Khoury tweeted but also voiced his opinions and congratulated the project with the development. As Khoury said in the news:
“Congratulations @eth_classic on the successful activation of the Atlantis Hardfork! Was one of the longest debates to reach consensus along with a lot of the immutability politics Learned a lot about the beauty of decentralization and a distributed community.”
As such, Ethereum Classic successfully performed the Atlantis hard fork in accordance with the previously estimated time - between September 12 and 13 this year - at block height 8,772,000. The ETC Labs team was also featured in the altcoin news this June for stating:
“The community has had a number of meetings to discuss timing, scope and involvement, and we have decided on the direction and timing of the Atlantis release.”
The Ethereum Classic is meant to improve security while taking into account the community's concerns. It is also considered as a no-rush update which will ensure the compatibility of ETC with Ethereum, which will make it easier to collaborate with sibling blockchains. As many news sites reported in June, Ethereum Classic successfully planned on the entire hard fork. The developers and contributors considered putting the hard fork at block number 8.75 million, predicting it to run on September 15. However, ETC Labs moved to increase the block number so that it would have the projected update during the week, in times when more involved parties are more likely to be present to discover and deal with issues which may arise. Following the announcement, Ethereum Classic successfully launched the hard fork and received support from a lot of industry players. It seems like ETC Is in the focus of the coming altcoin news. Yesterday, the cryptocurrency trading platform Bitfinex announced that it will support Atlantis as well.
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