Binance could launch its own stablecoin and margin trading

Binance could be potentially exploring an opportunity of launching its own stablecoin. It was hinted by the company’s CEO, Changpeng Zhao (CZ).

Thus he commented a tweet of one of the users, CryptosBatman, when the latter surmised that a hypothetical stablecoin run on Binance network would exercise considerable advantages and could substantially increase the utility of BNB coin.

“Careful what you wish for,” wrote CZ.

Careful what you wish for.

— CZ Binance (@cz_binance) May 1, 2019

Interestingly, CZ used the phrase in the past when Binance was working on something hidden away from public right before unveiling it to the world.

The exchange could also launch margin trading, as noted by lifofifo, a Reddit user. According to him, margin trading flag isMarginTradingAllowed has been enabled for 9 trading pairs in the Binance API.

Changpeng Zhao has not denied the user’s assumption, pointing that API framework is getting ready for system update. Yet he hasn’t specified the exact update dates.

Since the beginning of year the BNB coin gained nearly 300%.

On April 25 Binance launched trading on its decentralised exchange Binance DEX. The first listed pair became MITH/BNB (Mithril/Binance Coin).