Binance, the world's largest crypto exchange by adjusted trading volume, has just launched the version 2.0 of its platform, which includes, among other features, margin trading, the exchange has reported today on its official blog.
The company's CEO, Changpeng Zhao, reported in May this year, right after the exchange suffered a hack attack in which it lost around 41 million dollars in crypto assets, his intention to expand its offer in order to meet the needs of institutional and retail traders.
According to the announcement published by Binance on its blog, from now on, the users of the platform will have access to margin trading, that is, they will be able to use their account balance as collateral to open short or long positions in crypto assets, increasing significantly the potential gains (but also losses).
Changpeng Zhao has said:
"Though the current cryptocurrency market and legacy platforms for margin trading poses greater risks and benefits at the same time, we are confident that its development coupled with more knowledge on proper risk management will help realize greater benefits in the long run."
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