Margin trading service will be launched on Binance crypto exchange after the company accidentally leaked images on twitter saying that the service is under development. Let’s read more about this in the altcoin news below.
The crypto exchange giant confirmed that they will be launching a margin trading service after they posted screenshots of the platform in dark and light modes asking users which one they prefer. The screenshots on Twitter had a dedicated tab named ‘’Margin’’ with a message saying that the new service carries a ‘’higher potential profit’’ but also much bigger risks. This new service is referred to using borrowed funds from one broker or an exchange to trade an asset.
As mentioned in some of the best cryptocurrency news sites, Binance reportedly has already launched the service in beta mode on Friday among ‘’selected users.’’ One representative from the company also confirmed to a TechCrunch news source that the margin trading service will be available on Binance.com ‘’soon.’’
Other cryptocurrency exchanges such as Coinbase, OKCoin, Huobi, and Kraken already offer margin trading services. The margin is one of the latest services to be developed by Binance and currently it is the second largest cryptocurrency exchange by volume according to the data gathered on CoinMarketCap in the recent months.
The exchange has been continuously adding new features and services as a part of the expansion plan. Most recently, Binance launched a decentralized exchange named Binance DX and even set up a fiat-to-crypto exchange in Singapore. The company revealed a new platform in Australia that allows crypto users to buy bitcoin with cash from agents.
Binance has also been complaint with the regulatory conditions on the market. It even collaborated with multiple analytics and security startups including Elliptic, IdentityMind and Chainalysis. Also, the company seems to be untouched by the loss of more than $40 million in bitcoin after it was hit with a hack attack. The customers were not impacted due to the ‘’Secure Asset Fund for Users’’ according to binance. Following the security breach, the exchange made multiple security upgrades and resumed to provide services in a just couple of days.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
DC Forecasts - Newsletter and get recent news directly to your inbox! Daily Newsletter Bitcoin NewsAltcoin NewsLitecoin NewsEthereum NewsBlockchain NewsBitcoin ScamsRegulationExpert AnalysisPress ReleasesCardano NewsRipple NewsLibra NewsBitcoin Cash NewsTron NewsNexo NewsVechain NewsStellar NewsTezos NewsBinance Coin NewsCoinbase NewsChainLink NewsEOS NewsIOTA NewsTether NewsBitcoin SV NewsMonero NewsEthereum Classic NewsDash NewsUNUS NewsCosmos NewsMECX Token NewsNEO NewsDC Forecasts Announcements
Daily Newsletter Bitcoin NewsAltcoin NewsLitecoin NewsEthereum NewsBlockchain NewsBitcoin ScamsRegulationExpert AnalysisPress ReleasesCardano NewsRipple NewsLibra NewsBitcoin Cash NewsTron NewsNexo NewsVechain NewsStellar NewsTezos NewsBinance Coin NewsCoinbase NewsChainLink NewsEOS NewsIOTA NewsTether NewsBitcoin SV NewsMonero NewsEthereum Classic NewsDash NewsUNUS NewsCosmos NewsMECX Token NewsNEO NewsDC Forecasts Announcements
DC Forecasts provides a comprehensive source of the latest news about cryptocurrency news daily. Read more on our about us page for details.