Binance Margin Trading enabled! Changes made to the API of Binance suggest that margin trading for 9 trading pairs has been activated.
The API has been updated to add two variables – “isSpotTradingAllowed” and the second, “isMarginTradingAllowed”. The self explanatory variable names suggest that Binance is in the midst of implementing margin trading capability.
On May 1st, a Reddit user pointed out that the “isMarginTradingAllowed” variable, which was previously disabled for all pairs, is now enabled for 9 trading pairs. The lucky pairs are as follows: BTC/USDT, BNB/BTC, BNB/USDT, ETH/BTC, ETH/USDT, TRX/BTC, TRX/USDT, XRP/BTC, and XRP/USDT.
CZ, the CEO of Binance, had this to say about the revelation.
https://twitter.com/cz_binance/status/1123951229502095364?s=21
Binance has long promised margin trading for its platform in its white paper. According to the white paper, what’s next for Binance is Futures trading.
Binance’s moves comes shortly after OKEx added four new margin trading pairs with up to 100x leverage.
What do you think? Big moves by Binance, with bigger moves by platforms in general, including Bakkt. Let us know what you think on Our Facebook Page!
