Binance API Seemingly Reveals That Margin Trading Has Been Enabled for Nine Trading Pairs
Changes made to the public API of Binance seemingly reveal that the company has enabled margin trading for nine trading pairs.
As Cointelegraph previously reported in March, the API had been updated to add two variables. The name of the first added variable is “isSpotTradingAllowed,” while the second is “isMarginTradingAllowed.” The self-explanatory variable names seemingly suggest that Binance is in the midst of implementing margin trading capability.
A Reddit user pointed out on May 1 that the isMarginTradingAllowed flag — which was previously disabled for all the pairs — is now enabled for nine trading pairs. The pairs it has been enabled for are the following: BTC/USDT, BNB/BTC, BNB/USDT, ETH/BTC, ETH/USDT, TRX/BTC, TRX/USDT, XRP/BTC, XRP/USDT.
Linking to the Reddit post, Binance CEO CZ tweeted on May 2: “Crowd intelligence is amazing.”
Binance first promised in the feature rollout section of its white paper that margin trading would be implemented after spot trading and before futures on its exchange. As one Reddit user points out in a comment to the post, what is new now is the actual change in the API.
As Cointelegraph reported in March, Japanese financial regulators have reportedly introduced new regulations for cryptocurrency margin trading.
Also in February, major Malta-based cryptocurrency exchange OKEx added four new margin trading pairs to its platform with up to 100x leverage.