Binance expands its margin trading platform with the addition of Monero, NEO

Malta-based cryptocurrency exchange, Binance, has been in the news all month for a host of reasons. The exchange had a rough beginning to the month after the exchange’s old KYC data was leaked on a Telegram group. However, the exchange has managed to keep the community informed with a series of positive developments in its ecosystem. From the launch of a lending platform to Venus, Binance’s version of Facebook’s Libra, it has been a productive month for the exchange.

Binance community members were rejoicing after the much-awaited margin trading platform went live on the network. The exchange debuted its margin trading feature with only six cryptocurrencies and it currently lists 17 cryptocurrencies in its network.

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The exchange, through its Twitter handle, reached out to its 1 million followers and revealed the latest additions to the margin trading feature. The tweet read,

The announcement was confirmed by a blog post on Binance’s website. According to the post, NEO and XMR can be traded via the following trading pairs, NEO/BTC, NEO/USDT, XMR/BTC, and XMR/USDT.

Irrespective of several developments on the Binance network, Binance Coin [BNB] was seen plummeting by 11.49% over the last 24 hours. At the time of writing, the coin was valued at $22.49 and was the seventh-largest coin on the cryptocurrency charts with a market cap of $3.50 billion.


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