Binance CEO Confirms Plans to Launch Margin Trading
Binance CEO Changpeng Zhao this Wednesday commented on user assumptions about the possibility of launching margin trading on the largest cryptocurrency exchange.
In a discussion on Reddit, one of the users drew attention to changes in the API of the trading platform, which to date have not been reflected in the official documentation.
“Analysis of the exchange’s responses showed that all 482 trading pairs have an active spot trading function and an inactive one – margin trading. This is clear. However, the API update suggests that Binance is considering implementing leveraged trading. “.
In response to this, Zhao tweeted: “We are keeping the API framework up to date in preparation for system updates. No dates yet “.
Also today, Binance confirmed information that appeared earlier on the network that Australian residents now have the opportunity to buy bitcoins at local merchants through the Binance Lite Australia service. According to the announcement, the cryptocurrency will be credited “within a few minutes” from the moment the deposit is made. The ability to withdraw funds from cryptocurrencies to fiat is not available.
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