The cryptocurrency trading platform has just increased the maximum leverage that traders can use when they trade with margin. The company says:
"Binance Margin trading has increased its maximum leverage to 5x and enabled a leverage adjustment function on its web interface. Users can now select and set any leverage between 3x and 5x for margin trading."
Binance started to offer margin trading to all its users in July, when traders could only use a 3:1 leverage. There are other popular digital asset exchanges that also offer margin trading such as Gozo.pro, which offers BTC and ETH margin trading with a 1:2 leverage.
After the launch, the available trading pairs were BNB/BTC, BNB/USDT, BTC/USDT, ETH/BTC, ETH/USDT, TRX/BTC, TRX/USDT, XRP/BTC and XRP/USDT. However, the platform later added Stellar and Bitcoin Cash to its new margin trading service.
Unlike futures exchanges, where traders can only trade a limited number of cryptocurrencies with a leverage of up to 125x, Binance offers a wide variety of assets for margin trading.
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