Binance is rolling out a final test for margin trading, limiting the service to another 1,000 traders. The leading exchange, which has carved out a larger percentage of market influence over the past months, intends on offering margin trading soon.
Margin trading uses leverage to take up positions, leading to higher potential gains, but also increased risk. Binance has stated that only sufficiently liquid markets would see margin trading added. Illiquid coins are at extreme risk for deep losses, as in the recent case of
Binance Performs Final Test Before Launching Margin Trading
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