Binance goes live with its crypto margin trading function

Binance, the popular cryptocurrency exchange company, today announced the launch of its margin trading platform. Binance Margin provides the option to choose collateral from a diverse range of cryptocurrencies, and enables users to pay for margin trading fees with Binance Coin (BNB).

Margin in cryptocurrency trading can be used to open both long and short positions, where a long position reflects an assumption that the price of the asset will go up, while a short position reflects the opposite.

Earlier this week, the company opened up a Singapore based exchange, with SGD to crypto transfer capabilities.

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