Binance, the highly popular cryptocurrency exchange with hundreds of listed cryptos, is rumored to be working on the implementation of margin trading, which enables traders to trade with borrowed money in a high-risk/high-reward leveraged position.
Binance is believed to be working on this due to changes found in their public Application Programming Interface (API), which a Reddit user named “enriquejr 99” brought to the public’s attention on March 20.
API Changes Point to Future Implementation of Margin Trading on Binance
As pointed out by enriquejr 99, Binance’s new API update added 2 boolean operations/variables, which are statements in code that can either be true or false.
The first newly added variable is “isSpotTradingAllowed,” which is set to “true” for all 482 crypto trading pairs on Binance. The second newly added variable is “isMarginTradingAllowed,” which is set to “false” for all 482 crypto trading pairs.
The fact that Binance added a…