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Crypto Reporter

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Binance could launch its own stablecoin and margin trading

May 3, 2019 By Crypto Reporter

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.

Image via Flickr

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).

More news:

  • Binance launches $1 billion fund to accelerate Binance Smart Chain adoption
    Binance launches $1 billion fund to accelerate Binance Smart Chain adoption
    October 15, 2021
  • British Standard Chartered bank to launch a trading platform for institutional investors 
    British Standard Chartered bank to launch a trading platform for institutional investors 
    June 7, 2021
  • BIS Innovation Hub to create a platform to assess aftermath of stablecoin and DeFi projects collapse 
    BIS Innovation Hub to create a platform to assess aftermath of stablecoin and DeFi projects collapse 
    June 20, 2022
  • Only 3% of users left Binance after mandatory KYC
    Only 3% of users left Binance after mandatory KYC
    November 18, 2021
  • Binance adds payment service feature 
    Binance adds payment service feature 
    March 15, 2021
  • Binance will no longer support stock tokens
    Binance will no longer support stock tokens
    July 19, 2021

Filed Under: General News, News Tagged With: Binance, BNB, DEX, exchanges, margin trading, news, stablecoins

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