Binance’s Margin Trading Means More Coin Custodians

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Binance, one of the leading cryptocurrency exchanges in the world, has plans to expand its margin trading department to include lending services. During the recently held meetup in London, Binance’s CEO, Changpeng Zhao (CZ), dropped a hint that lending services tied to the exchange’s margin trading may be launched this month. Last month, Binance noted that the addition of margin trading was an “effort to push the industry forward and towards the freedom of money.” While responding to questions asked during an AMA session, Zhao said: “We’re launching quite a number of other things. Binance Jersey will ramp up its service in Europe. We just launched margin trading. We are about to launch Binance Futures, but before that, around mid-August, we’re going to launch lending.” Interestingly, Binance users lending their coins for margin trading will also be able to lend “other users money for many purposes.” Lenders will get the…

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