Binance expands its margin trading platform with the addition of Monero, NEO
Malta-based cryptocurrency exchange, Binance, has been in the news all month for a host of reasons. The exchange had a rough beginning to the month after the exchange’s old KYC data was leaked on a Telegram group. However, the exchange has managed to keep the community informed with a series of positive developments in its ecosystem. From the launch of a lending platform to Venus, Binance’s version of Facebook’s Libra, it has been a productive month for the exchange.
Binance community members were rejoicing after the much-awaited margin trading platform went live on the network. The exchange debuted its margin trading feature with only six cryptocurrencies and it currently lists 17 cryptocurrencies in its network.
The exchange, through its Twitter handle, reached out to its 1 million followers and revealed the latest additions to the margin trading feature. The tweet read,
— Binance (@binance) August 29, 2019
The announcement was confirmed by a blog post on Binance’s website. According to the post, NEO and XMR can be traded via the following trading pairs, NEO/BTC, NEO/USDT, XMR/BTC, and XMR/USDT.
Irrespective of several developments on the Binance network, Binance Coin [BNB] was seen plummeting by 11.49% over the last 24 hours. At the time of writing, the coin was valued at $22.49 and was the seventh-largest coin on the cryptocurrency charts with a market cap of $3.50 billion.