The Binance press service has published a notice on adding Lido DAO (LDO) and Bonfida (FIDA) tokens to the Cross Margin and Isolated Margin service as leveraged assets. In addition, Binance has listed new pairs for Flamingo (FLM) and Komodo (KMD) on Cross Margin.
The company spoke about the start of trading in cross-margin pairs: FIDA/BUSD, FLM/USDT, FIDA/USDT, LDO/BUSD, KMD/USDT, and LDO/USDT and isolated margin pairs: FIDA/USDT, FIDA/BUSD, LDO /USDT, and LDO/BUSD.
Representatives of the site assured that although margin trading is not the most popular among traders, the management of the service sees it necessary to popularize this segment.
This method is becoming more popular in low volatility markets. The critical difference between traditional and cryptocurrency margin trading is the presence of a third party that offers leveraged funds.
In the digital currency market, this role is usually played by traders themselves. For this, they receive passive income in the form of interest. Users recalled that Binance was founded in 2017. Later in 2019, it added the possibility of margin trading and has been developing this area since then.
The Binance eWallet allows users to store, deposit and withdraw their funds digitally. Users of the service can try trading on the main trading account before moving on to the advanced functionality of the site.