HomeCryptoBinance: margin trading may be on its way

Binance: margin trading may be on its way

Binance may soon integrate the ability to carry out margin trading on the platform.

In the API published on Github, some developers have in fact found parameters regarding new features for Binance, including margin trading.

binance margin tradingAs you can see in the image, the margin trading function is therefore already present in the code of the exchange and could soon be implemented on the trading platform. By checking the published code, it was also discovered that, under the same heading, there were several crypto pairs: BTC/USDT, BNB/BTC, BNB/USDT, ETH/BTC, ETH/USDT, TRX/BTC, TRX/USDT, XRP/BTC and XRP/USDT.

This may be sufficient evidence to indicate that Binance will soon be entering this market. Other exchange competitors, such as Bitfinex, OKEx and BitMex are already using margin trading.

Recent news from Binance

Margin trading would certainly not be the only novelty for Binance.

Recently, in fact, the exchange has launched a decentralised platform (DEX) and its own Binance Chain which means that all the BNB tokens – previously based on the Ethereum blockchain, using the ERC20 standard – will be migrated to the exchange mainnet and then converted to the BEP2 standard.

Furthermore, just today the rumour has begun to circulate that the exchange is preparing for the creation of a stablecoin based on Binance Chain.

The CEO of the exchange, Changpeng Zhao, would have declared it on Twitter, with a not very enigmatic post.

Alfredo de Candia
Alfredo de Candia
Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.