binance-api-seemingly-reveals-that-margin-trading-has-been-enabled-for-nine-trading-pairs
Binance API developers have noticed some changes in the public repository.
The two variables identified were
isSpotTradingAllowed and isMarginTradingAllowed
A Reddit user pointed out on May 1 that the isMarginTradingAllowed flag — which was previously disabled for all the pairs — is now enabled for nine trading pairs. The pairs it has been enabled for are the following: BTC/USDT, BNB/BTC, BNB/USDT, ETH/BTC, ETH/USDT, TRX/BTC, TRX/USDT, XRP/BTC, XRP/USDT.
Margin trading allows one to use their investment as collateral in order to purchase more stake of said investment. Looks like soon users will be able to make these plays with Bitcoin, Binance Coin, Ethereum, Tron, and Ripple.
Just in case the volatility of crypto wasn't high enough for the action-junkie traders out there, Binanace will allow users to increase their risk/reward factors. There will be tails of riches and devastation as we move forward into this newfound emerging bull cycle.
When the rabble starts betting the farm on crypto during a massive spike you'll know it's time to cash out a bit and watch, powerless, as the little guys who just entered the market for the first time get burned at the stake. (pun not intended but now intended)
Personally, like the Bitcoin futures market, I believe that ETF hype is actually going to be the signal that the bull market is dangerously close to turning bearish. ETF hype is going to be used in order to fleece all the weak hands that entered the market out of pure and unadulterated FOMO.
Conclusion
Contrary to my tone, this is good news. Binance is increasing it's functionality. It's kind of amazing really. Using the magic of crypto these exchanges may one day become more powerful than central banks.