Crypto exchange Binance has allowed its users to get a glimpse of its margin trading screen. The enlargement of Binance to a margin trade has been a topic of speculation in the financial scene for a while. The company through Twitter gave its users a sneak preview to reveal a screenshot of the highly anticipated trading user application.
These are some of the advantages a private blockchain company has since it is allowed to showcase major announcements without breaking any regulatory law. BNB is a utility symbol and not a security. The Binance coin has developed in numbers as well as the cryptocurrency market.
BitMEX, through Arthur Hayes, has ruled out the allegations on Bitcoin margin trading. In a Tweet early this month, Hayer said a record trade volume of $10.03 billion in a span of a day was recorded. He went ahead to thank traders on both ends who were for and against the idea.
New record for BitMEX trading volume. Praise be to volatility and our wonderful traders! pic.twitter.com/iLMGdpz65n
— Arthur Hayes (@CryptoHayes) May 12, 2019
Coinbase is currently exploring ways in which it can add margin trading avenues for potential investors. By having in mind the slow rate at which the crypto regulatory structure works in the United States, it is uncertain if Binance will support the margin trade at the moment. Binance is considered a perfect example of how to move forward despite the many setbacks one undergoes.
