Binance 2.0 is here!
Today, Binance cryptocurrency exchange announced the launch of its new Margin Trading platform which will allow the company’s users to use crypto collateral on Binance in order to borrow funds and make leveraged long or short trades.
This happened after the exchange talked about such a move in May. It has already been tested making Today’s roll out to just make the service available to anyone in permitted jurisdictions that have verified I.D. on Binance.com.
This new service will be available from the main Binance Exchange page through a “Margin” tab.
The company in their noted that both the exchange and margin interfaces have been optimized and underpinned by a new “advanced trading engine for better order matching and press indexes for margin level calculations to enable lower liquidations,”
Changpeng Zhao, Binance chief operating officer and co-founder said the pivot was part of the exchange brand’s wider strategy to become a one-stop shop anything cryptocurrency. He said:
“This is another step in providing an inclusive cryptocurrency trading platform catering to the needs of both advanced institutional traders and retail traders under the same roof. We are providing a new tool in the financial services and cryptocurrency markets to help amplify trading results of successful trades.”
This Binance 2.0 is a Margin Trading service for Evolving Cryptocurrency Traders.