There Is No Place In Binanceís Margin Trading System For The United States
The margin trading service offered by Binance, one of the world's leading crypto currencies, is eagerly awaited. As a continuation and manifestation of the recent breakthroughs made by the leading crypto currency exchange, studies on this margin trading platform continue at the same pace, and new statements continue to come about.
At this point, Binance's platform, which continues its way with various selected customers and is currently in the testing phase, also takes into account certain regulaton processes at this point. Margin trading platform user agreement prepared in relation to the stock market, this service can not benefit from some of the citizens of the country announced.
The agreement includes the following statements::
”Some country citizens will not benefit from the services provided by the Binance margin platform. The United States, Syria, Iran, the Crimea and North Korea are among them. Please verify that you are not a citizen of one of these countries before you proceed.”
As stated above, in fact, this move is completely concerned with regulation. As it is known, Binance has opened many different platforms and has become a global stock market. Therefore, the company should follow the regulations in different regions carefully, so it is more careful to serve some countries.
In the meantime, the platform is currently in the final stages of beta testing and will be fully operational in the near future.
Binance's interface is completely refreshing
The interface of the crypto money exchange Binance is completely changing. The interface, which is still in the beta version, will soon become completely different when it is released in the near future.
At the first glance, the new interface, which can be viewed at Beta.binance.com, attracts attention.
In the desktop version, Funds, Orders, etc. menus are located under the profile tab. Options are also available for different currencies next to the profile tab. With the options here, the balances can be seen with Euro, Yuan, Pound, Yen, Won and Ruble. There is no Turkish Lira option yet.
Another important change in the interface is the panel. With the new Binance interface, users will now be able to see the percentage of crypto coins in their portfolio.
A significant portion of the changes are on the stock market side. Here are the first striking points and margins for margin trading. Margin trade appears to be effective for BNB / BTC, BNB / USDT, BTC / USDT, ETH / BTC, TRX / BTC, TRX / USDT, XRP / BTC and XRP / USDT.
Partnership with Cred
According to the news in the Cointelegraph, the crypto money exchange Binance has partnered with the decentralized crypto money lending platform Cred to bring its services to the Binance ecosystem.
As part of the deal, Cred will transfer some of the ERC-20 LBA tokens to Binance Chain, the main network of Binance, and become the official lending and borrowing platform for the decentralized financial ecosystem.
The Binance Growth Officer Ted Lin said that Binance Chain is a 1 second block time and that the transactions and interactions of Cred users will be fast, efficient and effortless.
The company's LBA token owners are reportedly able to commit their assets for a fixed period of time and receive better interest rates if they are interested in token.
The California-based Cred is a founding member of the Universal Protocol Alliance, a licensed lender, a crypto-money and Blockchain coalition; Binance Labs is backed by industry leaders such as Arrington XRP Capital, Blocktower and FBG Capital.
Last October, Big Four audit firm PricewaterhouseCoopers partnered with Cred to provide technology expertise in the launch of dollar backed bonds.
The professional services firm later claimed that the new partnership aimed to strengthen the dollar-based crypto money market by bringing more confidence to investors.