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Margin Trading on Binance? by edicted

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binance · @edicted ·
$5.61
Margin Trading on Binance?
<center>![binance.jpg](https://ipfs.busy.org/ipfs/QmbayiPqamGqWmyhKEkwc9kdvgvsAaL9LjCfeBXmhKVHgW)
</center>

[binance-api-seemingly-reveals-that-margin-trading-has-been-enabled-for-nine-trading-pairs](https://cointelegraph.com/news/binance-api-seemingly-reveals-that-margin-trading-has-been-enabled-for-nine-trading-pairs)

Binance API developers have noticed some changes in the public repository. 

The two variables identified were 
<code>isSpotTradingAllowed</code> and <code>isMarginTradingAllowed</code>

>A Reddit user pointed out on May 1 that the isMarginTradingAllowed flag — which was previously disabled for all the pairs — is now enabled for nine trading pairs. The pairs it has been enabled for are the following: BTC/USDT, BNB/BTC, BNB/USDT, ETH/BTC, ETH/USDT, TRX/BTC, TRX/USDT, XRP/BTC, XRP/USDT.

Margin trading allows one to use their investment as collateral in order to purchase more stake of said investment.  Looks like soon users will be able to make these plays with Bitcoin, Binance Coin, Ethereum, Tron, and Ripple. 

Just in case the volatility of crypto wasn't high enough for the action-junkie traders out there, Binanace will allow users to increase their risk/reward factors.  There will be tails of riches and devastation as we move forward into this newfound emerging bull cycle. 

When the rabble starts betting the farm on crypto during a massive spike you'll know it's time to cash out a bit and watch, powerless, as the little guys who just entered the market for the first time get burned at the stake.  (pun not intended but now intended)

Personally, like the Bitcoin futures market, I believe that ETF hype is actually going to be the signal that the bull market is dangerously close to turning bearish.  ETF hype is going to be used in order to fleece all the weak hands that entered the market out of pure and unadulterated FOMO.  

# Conclusion
Contrary to my tone, this is good news.  Binance is increasing it's functionality.  It's kind of amazing really.  Using the magic of crypto these exchanges may one day become more powerful than central banks.
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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@preparedwombat ·
$0.04
>There will be **tails** of riches and devastation

Your Freudian slip is showing.
👍  
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@edicted · (edited)
lol nice
is that not how you spell it?
:D

It's the duality of flipping a coin... yeah.. that's what i was going for.

Dichotomy
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@steemitboard · 
Congratulations @edicted! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

<table><tr><td>https://steemitimages.com/60x70/http://steemitboard.com/@edicted/posts.png?201905032121</td><td>You published more than 500 posts. Your next target is to reach 550 posts.</td></tr>
</table>

<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@edicted) and compare to others on the [Steem Ranking](http://steemitboard.com/ranking/index.php?name=edicted)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>


To support your work, I also upvoted your post!


**Do not miss the last post from @steemitboard:**
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###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!
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@tts · 
To listen to the audio version of this article click on the play image.
[![](https://s18.postimg.org/51o0kpijd/play200x46.png)](http://ec2-52-72-169-104.compute-1.amazonaws.com/edicted__margin-trading-on-binance.mp3)
Brought to you by [@tts](https://steemit.com/tts/@tts/introduction). If you find it useful please consider upvoting this reply.
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@warrior-sage ·
$0.02
Can't wait to see margin trading for shitcoins, The pump and dumps will be legendary.
👍  , ,
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