By Tobi Loba
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”
#Binance Adds $BUSD Margin Pairs for $ETC, $TRX and $ADAhttps://t.co/1zPn6vjSzd pic.twitter.com/QHENVdKlX5
— Binance (@binance) February 27, 2020
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.
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