Reddit user hints at Binance possibly offering margin trading in the future

20 Mar, 2019
by Ryan Boltman
Rumor
Reddit user hints at Binance possibly offering margin trading in the future

A Reddit user has posted his response to code he found in the Binance API that could potentially mean that Binance will be looking at adding margin trading in the futur

Reddit user 'enriquejr99' who claims to be a programmer posted the thread on reddit titled "Research: Margin trading features found on Binance API". The thread explains some code that the user found on the Binance API documentation has been added and has not been enabled yet.

 Read more: New regulations regarding crypto margin trading introduced in Japan

The programmer mentions that "all 482 trading pairs have spot trading enabled and margin trading disabled; which makes sense."

This could mean that Binance have implemented or are implementing updates that will allow for margin trading on Binance trading pairs in the future. Binance are continuously growing and offering the latest and greatest features, which is why it remains the world's most popular crypto exchange. Offering margin trading would add to the growing list of features that the exchange could present to its customers and essentially profit from. The reddit user also comments on this saying "Other competitors such as Bitfinex, OKEx and BitMex already profit from these high volume markets and is likely Binance CEO Changpeng Zhao wants a piece of the cake."

Research: Margin trading features found on Binance API. from r/CryptoCurrency

So could Binance secretly be planning to add margin trading in the future? This would almost certainly rival other exchanges that currently offer margin trading.

Read more: 'Crypto market valuations totally nonsensical and decoupled from reality'

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