- “This is another step in providing an inclusive cryptocurrency trading platform,” CZ.
- Binance cautions that margin trading does have the potential for high profits but not to forget that that comes at greater risk.
Binance exchange has today made a groundbreaking entrance into the arena of margin trading. The launch of the Margin Trading Platform falls within Binance goals to push the industry forward as well as support freedom of money. In addition to this, the company has been expanding its trading possibilities to march the existing leverage trading features on the leading traditional market platforms.
The CEO of Binance Changpeng Zhao (CZ) said in the press release:
“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.”
He added:
“We are providing a new tool in the financial services and cryptocurrency markets to help amplify trading results of successful trades.”
In the press release, Binance cautions that margin trading does have the potential for high profits but not to forget that that comes at greater risk especially in the volatile crypto market.
Also Read: Bitcoin market update: BTC/USD calm after a stormy night
The co-founder of Binance Yi He explained:
“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.”
He continued:
“With margin trading being one of the most requested services from our community, this is a testament to the large market demand from retail and institutional traders alike and its promising possibilities in the future.”
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