Binance has confirmed it will be launching a margin trading service. The trading platform initially accidentally tweeted images of the new version of the site in development.
TechCrunch reported Friday that Binance seems to have already launched the service in beta among “selected users.” A Binance representative also confirmed to the news source that margin trading will be available on Binance.com “soon.”
The margin offering comes as the latest service to be developed by Binance, currently the world’s second largest cryptocurrency exchange by adjusted volume on data site CoinMarketCap, in recent months.
The exchange has been adding new features and services as part of its plans for expansion. It most recently launched a decentralized exchange called "Binance DEX", set up a fiat-to-crypto exchange in Singapore, and unveiled a new platform in Australia which will allow user that allows users to buy bitcoin with cash from newsagents.
This article is not intended to be financial advice. As always, do your due diligence before investing, and never invest more than you can afford to lose.