Wednesday, July 8, 2020
No menu items!
  • News
  • Cryptocurrency
  • Contact Us
More

    Binance Adds BUSD Margin Pairs for Cardano (ADA), Tron (TRX), and Ethereum Classic (ETC)

    Must Read

    Leading Global Steel Company Adopts VeChain-Based My Care to Reduce Risk of COVID-19 Infection

    A leading global steel company, ArcelorMittal, has announced the adoption of a VeChain-based technology, My Care, to reduce the...

    Wietse Wind Answers Question about Linking Multiple XRP Public Addresses to a PayID

    Wietse Wind, a lead developer at XRP Ledger, has taken his time to answer a necessary question directed to...

    Bitcoin (BTC) Bull Run Upcoming As Ethereum (ETH), XRP Face Decline –Bloomberg Analyst

    According to Bloomberg’s July Crypto Outlook, Bitcoin (BTC), the largest cryptocurrency by market capitalization could be set for a...
    Tobi Loba
    Tobi Loba
    Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to fulfill her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.




    Binance, the largest exchange by trading volume has recently announced that its margin trading platform has added BUSD margin pairs for Cardano (ADA), Tron (TRX), and Ethereum Classic (ETC).

    The exchange made this known through its official website moments ago. It was also shared on Twitter to carry its teeming followers along. The margin trading pairs are TRX/BUSD, ADA/BUSD, and ETC/BUSD.

    Binance margin trading platform is already supporting a host of assets and trading pairs. The recently added trading pairs are meant to give the users more options in their trading activities.

    Binance Exchange shared, “Binance Adds BUSD Margin Pairs for ETC, TRX, and ADA”

    What is Margin Trading?

    Margin trading is a way of trading assets with the funds provided by a third-party. Unlike other trading accounts, margin trading accounts grant traders access to greater sums of capital, enabling them to leverage their positions.

    Margin trading also amplifies trading results to give traders the means to make larger profits on successful trades. The fact that margin trading can expand trading results makes it popular in markets such as the International Forex market, and other low-volatility markets.

    In traditional markets, it’s generally known that the borrowed funds are provided by an investment broker, unlike the cryptocurrency market, where funds are provided by other traders, who accrue interest based on market demand for margin funds. However, some cryptocurrency exchanges still provide margin funds to their users.




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Leading Global Steel Company Adopts VeChain-Based My Care to Reduce Risk of COVID-19 Infection

    A leading global steel company, ArcelorMittal, has announced the adoption of a VeChain-based technology, My Care, to reduce the...

    Wietse Wind Answers Question about Linking Multiple XRP Public Addresses to a PayID

    Wietse Wind, a lead developer at XRP Ledger, has taken his time to answer a necessary question directed to him by a supposed XRP...

    Bitcoin (BTC) Bull Run Upcoming As Ethereum (ETH), XRP Face Decline –Bloomberg Analyst

    According to Bloomberg’s July Crypto Outlook, Bitcoin (BTC), the largest cryptocurrency by market capitalization could be set for a price bull run, as other...

    Charles Hoskinson Wants Cardano (ADA) and Litecoin (LTC) to Work Together; Calls On Charlie Lee

    The CEO of IOHK, Charles Hoskinson, has recently showcased his desire to make Cardano (ADA) and Litecoin (LTC) work together for the same goal. Hoskinson...

    Buying ETH Now Is like Buying It Under $300 In 2017; it’ll Likely Rip up above $306 –Expert Trader

    A famous crypto trader and analyst, Josh Rager, has some hours ago asserted that buying Ethereum (ETH) when it’s priced below $300 is like...

    More Articles Like This