BTC Wires

Binance Teases Margin Trading Feature With “2.0” Graphic

Binance, the largest crypto exchange by trading volumes recently tweeted a graphic which just read “2.0” from the official Twitter handle. The speculation mills were rife that the crypto exchange is hinting at launching its impending margin trading feature.

Margin trading allows the users to leverage their trades, adding the feature on Binance would definitely boost the crypto rally. The first hint of Binance looking to launch margin trading came during the Ask me anything session that CZ conducted right after the $40 million hacks on the exchange. CZ fielded questions about Binance’s plans for its expansive roster of products, and even industry insiders have confirmed that Binance has been planning to launch margin trading for Bitcoin and other digital assets.

CZ explained that the engineers are Binance are already beta testing the feature and soon it will be rolled out for large traders with whom the exchange had pre-mediated deal, and once they are able to figure out the bugs and resolve minor technical glitches, soon the feature will be rolled out to the main exchange as well.

Binance’s Margin Trading Feature Can Boost the Bull Run

Margin trading for sure is one necessary feature that will boost the rally of cryptocurrencies on the exchange as well as help in boosting the bull run. Crypto analyst Filb Filb believe that margin trading feature is exactly the thing that we need for the bull market. Even if the impact is short term, margin trading for sure would help the market gain an upward movement.

While a majority of the crypto community is hyped about the feature a few believe that the margin trading feature would lead to more market manipulation. Willy Woo, a renowned crypto researcher points out that there weren’t enough capital movements to warrant the idea that spot markets caused the Bitcoin boom. He even believes that the Bitcoin prices touching $8k was not organic and done by the market manipulators for their benefit.

With margin, there is that much more risk that there will be players trying to manipulate or liquidate shorts or longs in a bid to turn a profit.