Binance, today the full acquisition of the derivatives and the spotbeurs JEX-known. The team at JEX have the cryptobeurs support its position on the market. The company is going to Binance JEX back home.
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Binance, and margin trading
The cryptobeurs of Malta wants to increase its margin trading service, the us. So it’s to be a challenger to the market leader BitMEX, which are mainly the derivatives market, and so on.
In mid-July, it announced that Binance officially opened its margin tradingdienst to, trading with borrowed money from the exchange.
As a trader you can be with the use of borrowed money to make an increase or decrease in price (long or short, red, and with a leverage of up to 20 times the amount bet.
For now, it is possible that, with only a handful of cryptomunten: Bitcoin (BTC), Binance Coin (BNB), Ethereum (ETH), Tron (TRX), and Ripple (XRP).
Margin trading is a primary focus of the experienced traders, for beginners, is trading with leverage is very risky. You can be in a very short space of time a lot of money in your pocket.
JEX offers a range of products ontwikkeldm which is consistent with our ambition to be in the area of derivatives,’
We He is a co-founder Binance
JEX offers 21 cryptovaluta on the market, including Bitcoin, ethereum, CANON, and Binance Coin. According to market researcher Coingecko is the daily volume of JEX 379 thousand dollars.
For the price, the JEX-token, more than 40% have gone into orbit because it’s in the news.
Futures testnetten
Another form of derivative, which is Binance is going to be offering are futures contracts. A futures contract is an agreement between two parties in which, at a certain point in time, a certain amount of bitcoin (BTC) trade at a predetermined price in the future.
CEO, Changpeng Zhao, and others are launching today testnetten: Contracts A and Contracts B.) Traders have the opportunity to vote for their favorite platform.
Among the testers is to play and win a share of 10,000, Binance Coin (BNB) shall apply. At the time of this writing, it has a value of € 225.000 dollar.
For the business market
Binance is focused – just like BitMEX – primary retailbeleggers. Not to be confused with the professional market, as an accredited investor.
This market is growing, the futurehandel in bitcoin (BTC) is hard to. Such processes leading every day, more than 7,200 contracts, representing a volume of $370 million.
Read more: Bitcoin Futures on CME are breaking records daily trading volume of $370 million
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