'Binance 2.0' is now 90% complete

30 May, 2019
by David Robb
'Binance 2.0' is now 90% complete

Leading crypto exchange Binance has announced that its upgraded '2.0' version is almost complete. In a tweet, the figure "90%" was used alongside an image of the homescreen.

The most important part of this revamped Binance will likely be the new margin trading feature. Although it is the crypto market's top platform for spot trading, Binance's lack of support for margin trading limits its appeal and the variety of options available for crypto traders. However, offering margin trading isn't uncontroversial, as many have pointed out the potential risks involved with Binance allowing users to borrow funds and get into debt in order to trade.

Based on a beta version of the new Binance, it seems that not all tokens will be available for margin trading. A M symbol appears at the top of the window listing pairs for a particular crypto, indicating that Binance does support margin trades. It also appears that the functionality will not be available in all regions. Support for margin trading won't be offered in the U.S. and its territories, as well as Syria, Cuba, Crimea, North Korea, and Iran.

Other updates may involve solving security issues. Binance was recently the victim of a hack, with a significant amount of BTC stolen from one of its wallets. Users' funds remained safu, however, and CZ and the team provided regular updates about the new measures that were being implemented in order to prevent it happening again.

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