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#Binance API Seemingly Reveals Continuing Margin Trading Implementation



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 Adjustments made to the open public Application Programming Interface (API) of major cryptocurrency swap Binance seemingly reveal that will the company is functioning on implementing margin investing.

 A Reddit user delivered the API changes in order to public attention on Mar 20 after they had been updated last week, observing that the Binance open public API response differs through what it should end up being based on the official documentation launched with the company on GitHub. More precisely, the API now includes two extra boolean — which means that their value can be only true or false — variables.

 The name of the first added variable will be “isSpotTradingAllowed, ” while the second is “isMarginTradingAllowed. ” The self-explanatory variable titles seemingly suggest that Binance is in the midst of implementing margin trading capability.

 At press time, data returned from the API also shows that isSpotTradingAllowed is set to correct (enabled) and isMarginTradingAllowed will be set to false (disabled) on all of the 482 trading pairs.
Binance first promised in the feature rollout section of its white-coloured paper that margin trading would be implemented after spot trading and prior to futures on its trade. As you Reddit user points out inside a comment to the post, what’s new now is the actual change in the API.
Other crypto exchanges already offer margin trading.

 In February, major Malta-based cryptocurrency exchange OKEx added four new margin trading pairs to its platform with up to 100x leverage. And in December of this past year, Hong Kong-based cryptocurrency trade Bitfinex launched margin trading for stable coin Tether (USDT) against USD.
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