During a recent AMA, CZ spoke about the recent hack that targeted Binance, while also answering a few questions from the community. He also confirmed Margin trading on Binance, an important update that many people in the community have been requesting for a very long time.
CZ was responding to Twitter user @RallyQT’s question,
1. Binance Chain to BFT consensus to PoS in the near future?
2. Smart contracts possible?
3. Binance Argentina here?
4. Is margin trading &complex orders rolling out in the same time frame?
5. Why a stable coin?
I have a feeling $BNB will be bigger than you will ever imagine. 🚀
— rallyqt (@rallyqt) May 6, 2019
“I think most people have already seen the margin flagged added in our API so as we are working on marketing system that look that’s rolling out actually very very soon”
Binance confirmed the same, tweeting,
#Binance margin trading confirmed, security breach update, Launchpad timeline & possible future stablecoin.
— Binance (@binance) May 8, 2019
Additionally, CZ added that Binance will launch it with a couple of large traders who will test it and report the initial bugs in the feature back to Binance. He added,
“The code is basically done we’re just testing and arming out any potential bugs”
Binance will now join major margin trading exchanges like BitMEX and Bitfinex, among others. The details of the margin trading have not yet been confirmed and will be updated in the near future.
A Twitter user, @DK1_Tommy, commented,
“Binance just turned from exchange to online casino with margin trading. Congratulations!”
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