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Binance: CZ confirms margin trading feature on exchange




Breaking: CZ confirms margin trading feature on Binance
Source: Unsplash

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,

CZ stated,

“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,

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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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time writer at AMBCrypto and a part-time novice trader.