Binance Will Introduce Margin Trading For BNB Coin

On May 4, 2019

Binance will introduce margin trading in the next couple of months. The information is revealed by a change in public Application Programming Interface (API).

Binance has updated the API and added two more variables. The name of the added variable is “isSpotTradingAllowed” and “isMarginTradingAllowed”. The name is self-declaring that Binance will soon open margin trading platform.

A Reddit user revealed on 1 May that the isMarginTradingAllowed flag is now allowed for 9 trading pairs. The enabled trading pairs are:

BTC/USDT
BNB/BTC
BNB/USDT
ETH/BTC
ETH/USDT
TRX/BTC
TRX/USDT
XRP/BTC
XRP/USDT

Binance CEO CZ quoted this in a twitter post on 2 May: “Crowd Intelligence is Amazing”.

Binance first announced in feature roll out a section of the whitepaper that margin trading will be added before spot trading and futures trading.

Binance exchange has a good amount of volume and active users. BNB (Binance Coin) gives more than 4 times returns from the beginning of 2019.

Recently Binance has added support for credit card buy orders on the Android App. The decentralised exchange (DEx) has launched on 23 April.