Altcoin News: Binance Exchange Opens Margin Trading for All Users

June 26, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

This Wednesday Binance Cryptocurrency Exchange presented an updated version of its platform for all customers. This was announced by the CEO of Binance Changpen Zhao.

While #bitcoin is on a tear on price, @Binance have rolled out Binance 2.0, with margin access to everyone. In bear and bull markets, we #BUIDL!, he wrote on Twitter.

A number of users report that they still cannot access the declared functionality and see a notification about the need for an invitation.

Current margin trading opportunities are no different from those that customers could use during the testing phase. Also in the control panel next to the “Exchange” tab appeared the “Margin” tab, where you can get information about your margin balance.

One of the key improvements that are difficult to see at a glance is performance. During peak loads, if you experience lags, be sure to try 2.0.

“In the near future, we will suspend user access to the first version due to its inherent problems with overloads,” Zhao wrote.

In addition, today Binance CEO announced that 32 million BNB tokens were concentrated at the four addresses of the exchange, which were unlocked for the team, but none of them had yet been spent. He did not disclose information on future plans for the use of these tokens.

Currently, BNB is trading at around $37.50, slightly below its recently updated historic high.

Earlier this week, Zhao reported that Binance has registered the first liquidation of the marginal position against the background of a rapid increase in the price of Bitcoin.

Author: Marko Vidrih