Binance Margin Trading on the Cusp of Launch But Likely Restrictions to US and Other Countries


Binance, one of the largest cryptocurrency exchanges in the market, is going to be launching margin trading for users around the world. However, there are going to be jurisdictions in which the new feature will not be available, including the United States, Crimea, North Korea, Iran, Syria, and Cuba. This is according to the crypto redditor Lifofifo that provided information about the Exchange's intention to release margin trading.

Binance Will Block Margin Trading for US Traders

Margin trading on the Binance platform is one of the most awaited features of the exchange. This would allow users to take riskier positions while trading but also with higher profits as well.

As per the user, margin trading will not be available for users in Iran, North Korea, Syria, Cuba, Crimea, and the United States

About the risks involved in trading with margin trading, Binance explained:

“Please be mindful that margin trading is subject to high market risk. It is a sophisticated product and you are highly advised to invest cautiously. Binance will make best efforts to give you pleasant trading experience but will not be responsible for your investment losses.”

Changpeng Zhao, the CEO, and founder of the platform has recently confirmed that they will be launching a margin trading feature in the near future. Moreover, the exchange has also shared a new interface on its social media platform. Nonetheless, the official announcement by the platform has not yet been made. Apparently, there are going to be some trading pairs available for margin trading, including BTC/USDT, BNB/BTC, BNB/USDT, ETH/BTC, ETH/USDT, TRX/BTC, TRX/USDT, XRP/BTC, and XRP/USDT.

Binance will now be competing against other exchanges that are already offering margin trading to users such as Bitfinex and BitMEX. Indeed, these are top exchanges for users that trade with margin.

At the moment, Binance is the largest crypto exchange in terms of trading volume with over $2.1 billion traded in the last 24 hours, according to CoinMarketCap.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide