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Author Topic: [2019-06-28] Bitcoin Below $12K, Margin Trading is Now Public on Binance  (Read 26 times)
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June 28, 2019, 10:47:04 AM

The CEO of Binance, Changpeng Zhao, (CZ) revealed that every user of their cryptocurrency exchange can now access margin trading services. Margin trading is the exercise of using borrowed assets (money) from a broker to sell or buy a financial asset, that makes the collateral for a loan from the broker. Binance is a worldwide digital currency exchange which offers a platform for buying or selling over 100 digital assets. Since January last year, Binance is regarded the largest cryptoasset exchange globally concerning trading volume.

When the price of BTC hit $13k, CZ tweeted that the exchange had officially opened margin trading for all and sundry involved in the cryptocurrency sector. This announcement followed a Beta test of the exchange for the invited persons that had earlier requested to experiment the Beta trading platform.
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