Top Cryptocurrency Exchange Binance Enables BCH, XLM Margin Trading

Libra Coin News
Thu, 08/22/2019 - 11:19
Yuri Molchan
The world’s largest exchange Binance continues to expand its trading opportunities by adding new options for customers
Cover image via 123rf.com
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A few hours ago, Binance published a blog post with an announcement that from now on a margin trade option is available for the original Bitcoin Cash (BCHABC) coin and Stellar (XLM).

Binance adds margin trade for new crypto assets

The pairs tradable through the new option include BCH against BTC, BCH against USDT, XLM paired with BTC and Tether as well.

BCH/BTC, BCH/USDT, XLM/BTC, XLM/USDT.

Binance has also increased the minimum leverage rate for USDT from 0.0225 percent to 0.0275 percent.

Previously, the platform added a margin trading option for USDC, LTC and ETC.

Binance aims high with its Venus project

Earlier, Binance stated its intentions to launch an international crypto project Venus, which it called ‘an independent regional version of Facebook’s Libra’.

This initiative targets the creation of localized stablecoins and digital assets pegged to fiat currencies in various countries. The platform says that its venues in different locations and the recently built own ledger Binance Chain will serve as basis for launching Venus.

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Kraken to add BAT, Waves

Today, on August 22, the crypto exchange Kraken plans to launch trading for Basic Attention Token (BAT) and Waves.

BAT is an Ethereum-powered token issued by the Brave browser team for rewarding users who watch targeted ads on the browser. Recently, the company has introduced an option of awarding content makers on various platforms, including YouTube and Twitter – via Brave browser.

WAVES is a native token of the Waves Russian-based decentralized platform for dApps and smart contracts. Waves is often referred to as a Russian rival of Ethereum.

Deposits and withdrawals for BAT and WAVES will begin at 13.00 UTC on Monday.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.