Binance seemingly confirms margin trading

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The margin trading tease from Binance has been going on for quite some time now. It was first sighted a month ago or so, when some Reddit users searched through the updated platform code and found some booleans that were referring to margin trading on the exchange.

Today, however, we may have gotten the official confirmation from Binance that it is adding the margin trading feature on the platform. But the information was vague, therefore no clear commitment can be made yet.

The feature was even teased during Changpeng Zhao’s AMA session earlier this month when he “confirmed” margin trading on Binance in the near future. Seemingly, the CEO was not lying and just trying to drive enough hype.

What the CEO did mention, however, that only a handful of Binance traders will get to experience the feature first hand when he said that a few large-volume traders will get to test it when the time comes.

A feature after a breach?

Even though Binance suffered massive security breaches this month, they are on a trajectory of improving their previous mistakes and delivering as much value as possible to the community.

However, many have said that introducing the trading method to the platform is a cheap way of recuperating their loss of $41 million earlier this month. However, it’s definitely not the case as the company has been teasing this feature for quite some time now, as mentioned previously.

Right now, it’s not known when Binance will officially start testing the new platform. All we have to do is wait for news leaks from some of those large-volume traders.

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Giorgi Mikhelidze

Georgian-born blockchain enthusiast Giorgi leverages his software development background for on point market commentary and analysis. A brief stint with Finance Makers and he's now covering crypto news for high authority websites with the tip learned from past experience, "Whenever you see people talking about the weakness of your idea, don't see it as criticism."

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