Binance 2.0 – Long-Awaited Margin Trading Feature on Binance Goes Live

Following the month of the speculations, the world’s well-known cryptocurrency exchange, Binance has officially and publicly launched its Margin Trading Service on July 11.
Binance 2.0 – Long-Awaited Bitcoin Trading Feature
Despite margin trading carries a significant risk of funds or loss, many crypto exchanges have already rolled this service. Binance was on the exchange which hasn’t introduced this feature. According to the blog post of Binance, published on July 11, crypto traders can now access margin trading feature on Binance’s newly launched trading hub “Binance 2.0″.
Binance Offcial Blog
For those who’re new to the concept of margin trading, “ it’s the form of trading where eligible traders will be able to borrow funds from the exchange to increase their leverage. It doesn’t always a potential way of trading; it comes with a greater risk due to volatility in the price of the cryptocurrency market. Talking about the newly launched margin trading feature, Binance CEO CZ states that;
“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,”
It was one of the long-awaited feature, request by Binance community. The new version, Binance 2.0 features an “an advanced trading engine for better order matching and press indexes for margin level calculations to enable lower liquidations.” According to the reports, the exchange has launched a specific margin trading wallet without fees – wherein, traders from this wallet can send funds to their primary Binance wallet.
At the initial phase, the exchange has released limited crypto assets that will be used for margin trading – Bitcoin (BTC), Ether (ETH), XRP, Binance Coin (BNB), Tron (TRX) and Tether (USDT).
Earlier during Ask Me Anything (AMA) session, CZ responded to the rumors about margin trading. He clarified that the feature will be launched to a few of Binance clients, particularly large traders. However, the latest announcement states that the trading is live and is available to all eligible users. Cautioning about the risk that margin trading contains, co-founder of Binance Yi He said that;
“Though the current cryptocurrency market and legacy platforms for margin trading poses greater risks and benefits at the same time, we are confident that its development coupled with more knowledge on proper risk management will help realize greater benefits in the long run,”
 
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Source: CoinGape

Binance Oficially Launches its Margin Trading Platform

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Binance Oficially Launches its Margin Trading Platform
Binance users are now able to trade some cryptos on margin, using the exchange’s newly launched trading platform. The new service is paired with the existing cryptocurrency exchange under one platform, labeled Binance 2.0.
Binance Oficially Launches its Margin Trading Platform

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Source: CoinSpeaker

Huobi Enables Hourly Margin Interests, Celebrates IT With 24 Hours 0% Margin Interests

Huobi Global has announced the development of a new hourly margin interest model development. This will take effect from Friday, 28th June 2019 at 11:00 GMT+8.
According to their official announcement,
The calculation of margin loan interest will be adjusted from daily to hourly at 11:00 on June 28, 2019 (GMT+8). To celebrate it, Huobi Global will launch “0% Interest on Margin Trading” promotion for only 24 hours.
 0% Interest For 24 Hours
This news came with a special offering of a 0% interest on all hourly margin calculations from 11:00 on June 27 to 11:00 on June 28 (GMT+8). Users who participate in any margin loans can enjoy 0% interest on margin trading on Huobi Global.
However, If you have applied for any margin loans before 11:00 on June 27 (GMT+8), there will be no interest generated during the promotion, the announcement stipulated.
Also, If you apply for any margin loans after 11:00 on June 27 (GMT+8), there will be no interest generated during the promotion. At 11:00 on June 28 (GMT+8), all applied margin loans will generate the interest for the first hour.
Caution!
Nonetheless, Huobi Global warned its customers who might be interested in this new development that “trading in digital assets comes with high risks due to huge price fluctuations. Before trading, traders, especially inexperienced ones, were enjoined to have a full understanding of all the risks of trading in digital assets and be prudent of your own decisions.”
Huobi Turkey 2020
More seem to be coming from Huobi recently. Apart from its new development on margin trading, Huobi also revealed plans of global expansion. Now, Turkey is the new target market. According to Huobi Global’s CEO; Livio Weng,
“Turkey is a very important and promising prospective market for us and we plan to take an aggressive approach to bring the Huobi ecosystem there,”
Huobi plans to include a fiat onramp for Turkish Lira, a branch office with local resources from Turkey and localized products and customer support. Huobi invites Turkish projects to apply for listing here: list@huobi.com.
At a Huobi sponsored event attended by traders, crypto enthusiasts and many blockchain professionals in Istanbul, Turkey, Weng added that the proposed Turkish arm of Huobi Global would be overseen by MENA.
Other Areas Of Possible Expansion
Apart from Turkey, Huobi is also looking to expand to other markets as well. Romania, being a major possibility at this time, Huobi was reported to have received an invitation of the Romanian government.
Speaking on the possibilities, Weng added,
“It’s unclear what changes blockchain will bring to the world but today we are all pioneers in the space,” said Weng. “Huobi is willing to work with you in charting a path into a promising future.”
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Source: CoinGape

Bitfinex Improves its Margin Trading Instrument to the Tune of 100x

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Bitfinex Improves its Margin Trading Instrument to the Tune of 100x
The estranged multi-purpose Bitfinex exchange set to increase its margin trading capacity allowing for up to 100x leverage on its crypto derivative platform.
Bitfinex Improves its Margin Trading Instrument to the Tune of 100x

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Source: CoinSpeaker

CZ Warns “Betting Against Bitcoin” As Binance Executes First Liquidation

Binance CEO; Chanpeng Zhao (CZ) made public on social media earlier today that the giant cryptocurrency exchange has executed its first margin liquidation on a BTC ($10774.0 +0.13% ) short position. As CZ confirmed this on Twitter, he also took the advantage to educate traders of all classes on a responsible behavior towards high-risk trading.
Profitable But Risky!
Margin trading is the new “gold mine” among cryptocurrency traders. While this “hot cake” conventional trading style proves profitable, the endeavor can also be regrettable. This is a condition common with inexperience and lack of discipline.
In the practice of margin trading, traders use borrowed funds from a broker to trade financial assets. The aim of this system of trading is to maximize profit. When a trader or investor trades using margin, he pays for the securities bought with a collection of his own funds and the money borrowed from a broker. In the event that the trade generates a profit, the accrued profit is claimed. The trader would be obliged to pay back his borrowed funds and with the commission of transaction in some cases. If the trade liquidates, then the trader loses according to how much was initially invested. The risk factor in this system solely depends on how much the margin involved.
Bitcoin Price Fluctuations
Bitcoin recently surged up in price. This most recent price rally saw bitcoin overcoming the $11,000 resistance level and projected it towards the $11,300 corner. A correction back to $10,600 took place rapidly after. When price fluctuates rapidly in this manner, many traders, analysts, and enthusiasts present analysis indicating the next direction in price movements. This can be very costly for margin traders.
Also Read: Bitcoin [BTC] Hovers Above $11k; This Surge Is Far From Over
The Ultimate Rule
CZ took to Twitter account to warn the public against indiscriminate margin trading and financial recklessness. In his words on Twitter, “Don’t bet against bitcoin, and don’t bet [against] b…”, he gave out a 2-in-1 open-ended instruction on considering a long term margin position on BTC and advising inexperienced traders on margin trading.

We had our first Margin liquidation today. Guess what, it was on a #BTC short.
Don’t bet against bitcoin, and don’t bet again b…
— CZ Binance (@cz_binance) June 24, 2019

The ending part of the tweet is particularly controversial and open-ended. That part of the comment might have been based on his platform’s native cryptocurrency, Binance Coin (BNB). This input was probably to encourage the community to support BNB too.
Binance coin ($37.48 +0.03%) recorded significant success in the past weeks. Waxing stronger by the minutes, BNB delivered a peak price of about $40. This represents a new all-time high. Binance exchange announced trading support for BNB this week and their most recently developed decentralized subsidiary exchange, Binance DEX, will most probably do the same soon.
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Source: CoinGape

Coinbase Considering Margin Trading Option, Is It Following the Suite of Binance?

In a recent interview, Coinbase’s VP of Business, Data & International, Emilie Choi hints the company’s upcoming plans. In her talk, she states that Coinbase is thinking to launch a margin trading option on its platform.
To remind, Binance was the latest exchange which gotten the mainstream media attention due to its margin trading option. However, the timeline of the launch is still unclear – according to Emilie Choi, the feature is going to be the next big step. She adds;
“Margin lend borrow is definitely going to be a next big step for us, especially on the active trader side,”
The exchange in particular with U.S regulations is still on pause mode to introduce features like options and futures trading. Talking about the regulatory scenario currently exists in the United States, she says;
“We still need to figure that out because there’s not a lot of regulatory clarity there right now in the US,” Choi said. “And so that is being discussed.”
Although Margin trading by its nature brings potential profit to the investors or traders, it also carries huge risk. However, those who learned the tactics, are leveraging the benefit of these options on exchanges like Binance and many others.
Also Read – Facebook’s ‘GlobalCoin’ to Attract 2 Billion People To Coinbase and Crypto Exchanges?
Nevertheless, Coinbase often comes in competition with Binance exchange, not particularly by their founders but by the crypto community on social media Twitter. In fact, few crypto enthusiasts think that the exchange is following the suit of Binance exchange. Moreover, On questioning the competitor between Coinbase and Binance, Choi said that both (Binance and Coinbase) are fewer competitors and more friendly giants.
While Coinbase is still thinking, Binance exchange is already taking its another big move. According to the reports, Binance is planning to introduce derivatives market, allowing traders to buy on margin.
“We couldn’t probably be more differentiated than them in terms of the focus on the fiat to the crypto bridge and being that safely trusted center of the crypto economy,” Choi said. “So I think they’re playing one game, we’re playing another.”
So readers, what’s your view on Coinbase’s next move of considering Margin trading option.? Let us know in the comment below
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Source: CoinGape

What You Must Know Before You Start Your Crypto Margin Trading

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What You Must Know Before You Start Your Crypto Margin Trading
In this article, we will outline the characteristics of margin trading and more importantly the best exchanges where you can get into this type of trading using your favorite cryptocurrency.
What You Must Know Before You Start Your Crypto Margin Trading

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Source: CoinSpeaker

Binance’s BNB Token Jumps 12% to Hit $34 Following Margin Trade Interface Tease

Binance’s BNB token has recently recorded a double-digit jump following a recent tweet teasing the launch of its margin trading platform.
BNB token jumped about 12% to hit $34 right after image of the margin trading interface surfaced.
The tweet teasing the margin trading interface was seen asking followers of the account which mode will be best. Two options were given— the dark mode and the light mode.

Dark mode 🌚 or Light mode 🌝? #Binance pic.twitter.com/pGSb1np4yp
— Binance (@binance) May 24, 2019

Besides, Changpeng “CZ” Zhao, CEO of Binance exchange also made a reference to the tweet.

Who's paying attention here? https://t.co/vl4suaId8h
— CZ Binance (@cz_binance) May 24, 2019

The original tweet from Binance has gained more than one thousand likes.
CZ Confirms Margin Trade Following Hack
Reportedly, the exchange’s CEO confirmed that margin trading is coming to the platform in a recent “Ask Me Anything”. This was right after the highly publicized hack attack which saw about $40 million worth of crypto stolen.
Furthermore, Binance’s Changpeng “CZ” Zhao answered questions about the exchange next line of product.
As regards margin trading for bitcoin and other digital assets, the CEO explains that engineers at Binance are “beta testing” the feature. Besides, the exchange will roll out leverage support to “deep pocket traders,” with whom the exchange already “has agreements with.
Therefore, if there are bugs, it can easily be contained and fixed.
Reportedly, through margin trading, traders will be able to use their balance as collateral to enter leveraged positions. This type of trading is common with forex CFDs. Although profitable when the right call is made, a wrong call can prove risky.
Currently, other top crypto exchange such as Poloniex, Kraken, Huobi Pro and BitMEX let traders enter leveraged positions. With Binance gearing up to join the list, margin trading for crypto traders is likely to become a norm.

Binance’s BNB Token Right Now
Currently, the BNB token is trading at $34.14. The token has gained a 9.09% in 24 hours. Besides, the token’s 24 hours volume is $643,343,987 and the market cap stands at $4,819,736,424 USD.
Source – CoinMarketCap
Binance is Dominating
Binance has made a lot of major moves this year. Early this year, the exchange launched new exchanges in Jersey (for the UK), and Singapore. Furthermore, Binance recently released a beta version of decentralized’ exchange (DEX) for testing.
The launch of its margin trading feature will surely put the exchange in a class of its own.

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Source: CoinGape

Binance Coin (BNB) 100 Percent Surge not an Impossibility

Binance coin up 6.1 percent in the last day
BNB rallying because of fundamental reasons, next target $26
Volumes spike, participation more than double after Mar 24 close

Driving Binance Coin (BNB) prices are fundamental reasons. The coin is up 6.1 percent from last week’s end. After the announcement of Binance Margin trading plans and requirement that holders of BNB are eligible, the currency is likely to surge towards $26 as demand rise.
Binance Coin Price Analysis
Fundamentals
Widespread reports reveal that Binance may be after all preparing to onboard crypto margin trading—and the reception is not positive. The exchange is the largest in the world by adjusted trading volumes and required to trend with caution considering what’s at stake. If there is a leeway allowing retail traders to use borrowed funds, then analysts say this will be risky for the ecosystem. Regulators all over the world including Japan’s FSA have sounded their warning saying margin trading in an already volatile environment is unsafe for the ordinary investor.
Here’s what the programmer who discovered Binance margin trading feature on their API had to say:
“This change has not been reflected on the documentation. Further analysis of the response revealed that all 482 trading pairs have spot trading enabled and margin trading disabled; which makes sense. However, this API update implies that Binance is considering the implementation of margin trading features.”
In the unconfirmed arrangement, margin trading will be subject to account owners holding some Binance Coin (BNB).
Candlestick Arrangement

Trailing Cardano (ADA)—which is up 17.6 percent in the last week is Binance Coin, up 6.1 percent in the same time-frame.  From the daily chart, it is clear that Binance coin (BNB) is on an uptrend and trading in a bull breakout pattern with bases at around $11.
Without a doubt, BNB prices are a rally and outperforming others only because of supportive fundamentals. From Binance DEX test-net, the increasing popularity of Binance Launch Pad and now conditions for margin trading, every dip above Mar 24 lows or the 20-MA should be a buying opportunity. Like in our previous BNB/USD trade plan, the first target is $26.
Technical Indicators
As mentioned above Binance coin (BNB) is trading within a bull breakout after that comprehensive close above $11. Since bulls of Mar 5—4.8 million are now valid because of Mar 24 rally—4.9 million and close above Mar 16 highs of $16.5, every low should be a buying opportunity.
Chart courtesy of Trading View
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Source: New feedNewsBTC.com

Kraken now allows Margin Trading For Ripple (XRP) and Bitcoin Cash (BCH) Across Pairs

Kraken is one of the first and prominent crypto exchange that offers margin trading to trade cryptocurrencies. Citing demand, the exchange has gradually expanded its product with a variety of crypto coins and has recently extended margin trading for XRP and BCH.
XRP and BCH could see rising volumes on Kraken
Exchanges usually provide margin trading option only with cryptocurrencies which are in demand and are extremely liquid. Citing the rising demand for XRP and BCH (post forking) in the recent rally, Kraken has announced expanding margin trading option for two coins.
The announcement reveals the leverage amount available and borrowing limits against pairs for both these coins which are as follows:
Leverage amounts available:
Bitcoin Cash

BCH/XBT – 2x
BCH/USD – 2x, 3x
BCH/EUR – 2x, 3x

Ripple

XRP/XBT – 2x, 3x
XRP/USD – 2x, 3x, 4x, 5x
XRP/EUR – 2x, 3x, 4x, 5x

Borrow limits available:
The borrow limits depend on the verification level of a user’s account.
Bitcoin Cash: Tier 1: 1 BCH, Tier 2: 5 BCH, Tier 3: 50 BCH, Tier 4: 500 BCH
Ripple: Tier 1: 5,000 XRP, Tier 2: 25,000 XRP, Tier 3: 250,000 XRP, Tier 4: 2,500,000 XRP
Kraken plans to charge a brokerage of Margin open fee = 0.02% and a Rollover fee = 0.02% / 4 Hrs
This addition expands the company’s margin offering to eight (8) assets, which already includes: Bitcoin (XBT), Ethereum (ETH), Ethereum Classic (ETC), Augur (REP), Monero (XMR), and Tether (USDT).
Margin trading is a double-edged sword, which on one end has the potential of an exponential increase in earnings, while on the other, it is extremely risky. A product for experienced traders, margin trading is often associated with the increase in volumes of a cryptocurrency. It also brings inexperienced traders and an additional line of revenue for the exchanges to earn interest on the money they lend out to margin traders.
Kraken, which anyway is the biggest exchange in terms of EUR volume, may further boost the volumes for XRP and BCH in days to come. Whether one would see these volumes getting converted into positive upticks for coins is something that traders will definitely watch out for.
Will Kraken’s margin trading addition help BCH and XRP prices to rise? Do let us know your views on the same.
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Source: CoinGape

Kraken Enables Bitcoin Cash and XRP Margin Trading

Crypto exchange Kraken has launched margin trading options for two of the top digital currencies by market capitalization, Bitcoin Cash and XRP.
High Risk Margin Trading Expanded at Kraken
Margin trading allows users to leverage their accounts with funds they do not actually possess. This can lead to far greater profits but and also greatly amplify losses. One wrong trade can wipe out an entire account so it is not for the feint hearted.
San Francisco based Kraken has just added two more crypto assets to the six it already offers. Currently users can leverage trades on Bitcoin, Ethereum, Ethereum Classic, Tether, Monero and Augur. As announced on the company blog today, Bitcoin Cash and XRP have just been added to this list.
The available leverage, or borrow limits, will depend on the verification level of the account. Top tier four accounts can get up to 500 BCH or 2.5 million XRP. Leverage starts a 2x for BTC trades and goes up to 5x for XRP fiat trades. Kraken has posted a warning about the dangers of high risk trading and recommends having a healthy account balance to back margins;
“Please note that BCH and XRP are not collateral currencies. This means you cannot open margin positions against the value of your BCH or XRP balances. For this reason, you should always maintain adequate balances of other collateral currencies to maintain your margin positions.”
XPR Base Pairings Grow
More exchanges are now looking towards XRP as a base pair to add to Bitcoin, Ethereum and Tether. Earlier this week Binance announced that it was expanding its listings to include the XRP/TRX (Tron) and XRP/XZC (Zcoin) base pairs.
The world’s top exchange also added that it will rename the Ethereum markets to ‘ALTS’ to reflect the different base pairs now offered.
Market Reaction
Crypto markets are rebounding again today and both XRP and BCH are getting a lift. At the time of writing XRP was up 8% on the day to $0.375, it has made almost 7% over the past week but is down over 3% from the same time last month.
Bitcoin Cash meanwhile is up and down like a yoyo. Today BCH has posted gains of around 16% taking it over $170 again but since last weekend it has dropped 9%. The volatility has crept back into crypto markets so it is unlikely the Kraken addition of these to assets has made a difference to their prices.
 
Image from Shutterstock
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Cobinhood Surges 58% After Announcing Margin Trading Beta and Fiat Trading Pairs

The token price of COBINHOOD (COB), the first zero-fee cryptocurrency exchange, has surged over 50% this week on the back of two major announcements, including the launch of the exchange’s beta for margin trading and the unveiling of fiat trading pairs. Interested to try Margin Trading on COBINHOOD before everyone else? Join our beta testing program and […]
Source: Sludge Feed