Binance Raises Max Margin, Leverage on Bitcoin Futures to 125X
“At 125x leverage, a 100 USDT collateral deposit on Binance Futures will allow users to hold 12,500 USDT in BTC.”
Bitcoin futures on Binance now have a maximum of 125x margin and leverage
According to BInance, highly leveraged trading is being introduced using a “sophisticated risk engine and liquidation model,” a fast matching engine that “enables continuous margin without any jumps, and ‘mark prices’ for preventing unnecessary liquidations and combating market manipulation.”
Changpeng Zhao (CZ), Binance’s CEO, said that the platform has seen increased institutional participation in trading, with professional traders driving the need to introduce cost and performance efficiencies ways to support very fast trades.
Alongside a risk management system, Binance offers traders an ‘insurance fund’ that can reportedly help to limit the chances of auto-deleverage.
Aaron Gong, Director of Binance Futures, said the platform was seeing rising numbers of traders transferring “in and out from spot to futures during volatile periods.”
Read More: https://cointelegraph.com/news/binance-raises-max-margin-leverage-on-bitcoin-futures-to-125x
Ex-CEO of Google Africa and WeWork South Africa GM Stafford Masie has argued that Bitcoin will revolutionize global trade and a ‘Gift’ That Will Change Humanity
“The third economy is an economy where people don’t have access to electronic forms of distributing value or cash
Think of the people who live two hours outside Shanghai, China’s central coast.
They will use Bitcoin to trade and unlock international transactions outside of the existing frameworks in a manner that you and I cannot imagine.”
“When combined, Apple, Amazon, Alphabet, Facebook and Microsoft’s net asset value represents the same value as S&P 500 companies combined and this is extraordinary because we have never seen the concentration of wealth like this in history. Combined, these companies have value that equates to the gross domestic product rates of some countries.”
formerly the CEO of Google Africa — said that Bitcoin’s provision of an exchange of value without intermediaries is the greatest gift mankind has ever received technologically.
read more: https://cointelegraph.com/news/ex-ceo-of-google-africa-bitcoin-a-gift-that-will-change-humanity
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