Top crypto exchange Binance has launched its margin trading platform, an official blog post published today, July 11, reveals. Binance’s move to expand trading possibilities to meet the full scope of institutional and retail traders’ needs had already been indicated by exchange CEO Changpeng Zhao this May — the same month the exchange had suffered a major hack incurring $41 million in losses. In today’s announcement, Binance notes that margin trading — which allows exchange account holders to use their existing balances as collateral to open both long and short positions on crypto assets — can significantly amplify profit potential as compared with regular trading. According to the cointelegraph. The news release partner STEX.com.
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