Binance goes live with its crypto margin trading function

14 July, 2019, 14:20 | Author: Regina Silva
  • Binance Coin Burn Transaction Details

The price of BNB is $31.72 after a jump of 4.95% was noted. While both institutional and retail trading is growing at Binance, individual investors account for about 60% of trading volume which is the same proportion as the previous year.

Binance Coin (CURRENCY:BNB) traded up 7.5% against the US dollar during the 1 day period ending at 18:00 PM E.T. on July 12th. However, there are 189 million in circulation now, and the surplus of 89 million tokens held mostly by the Binance team will be eventually burnt. "The team will burn off the 80,000,000 BNB team allocation first, and the remaining 9,000,000 BNB will be burned by exchange".

Binance Coin can be bought or sold on the following cryptocurrency exchanges: LBank,, HitBTC, IDEX, FCoin, Exrates, Bancor Network, AirSwap, EtherDelta (ForkDelta), Binance, DDEX and Trade Satoshi. 189 Million coins were in circulation including the ones held by Binance Team, which means that 899 Million more will follow the same path, in order to reach the 100 million objective.

Binance has announced it will soon begin its token burn, keeping to its commitment of burning 100M BNB in total.

Reckitt pays United States 1.4 billion dollar to settle opioid treatment spat
It said the settlement would prevent uncertainty and distraction from continued investigations. But investors feared the USA investigations could hinder the company's transformation.

China's Fosun in advanced talks to invest $940m in Thomas Cook
Unsurprisingly the market hates the idea, sending Thomas Cook's share price crashing more than 46% in mid-morning trading. The British holiday company's tour business had 11 million customers in 2018 and produced £7.4 billion in revenue.

British police to investigate leak of ambassador's memos
The Official Secrets Act bars public servants from making "damaging" disclosures of classified material. It would also allow in global inspectors in return for the lifting of crippling economic sanctions.

As the 2-year anniversary is being celebrated, this is a new milestone for all those part of the ecosystem. As the article notes, the total supply of the chain won't be disturbed. Investors seeking to acquire Binance Coin should first buy Bitcoin or Ethereum using an exchange that deals in USA dollars such as Coinbase, Gemini or GDAX. Changpeng Zhao and his group are known to be pioneers of blockchain technology.

Margin in cryptocurrency trading can be used to open both long and short positions, where a long position reflects an assumption that the price of the asset will go up, while a short position reflects the opposite.

Continuing further, CZ said that this move showcases the fact that the team of Binance isn't driven by money but are on a greater mission. I have an innate desire to be a seasoned trader in the near future.

A specialist in comics and cryptocurrencies with an inclination towards DASH and Cardano. Analyzing candlestick charts is a personal hobby.



Father uses case of beer as booster seat for child, police say
While the event was met by jokes from some on social media, it highlighted the importance of auto seat safety for children. The officer then noticed the toddler, who was 2 years old, sitting on a 30-can case of beer in the passenger seat.

Vegas video security guard presses charges against RB Ezekiel Elliott
Like, "I have to do this, I'm being forced to do this". "Over the course of the past several weeks, Mr. Elliott led the National Football League in rushing last season for the second time in three years.

Mueller’s congressional testimony could be postponed a week
After a brief break, the House Intelligence Committee will convene for additional public testimony beginning at 12:00 pm. Under the previous agreement, Mueller would appear for two hours each before the Judiciary and Intelligence committees.

England & New Zealand set for final
Even though they began the tournament as the number-one ranked side, England have not had a straightforward passage to the final. Back-to-back group-stage defeats by Sri Lanka and Australia left them on the verge of being eliminated.

Kim Basinger leads protests on 'dog meat day' in South Korea
A survey last year indicated that about 80 percent of South Koreans had never eaten dog meat in the past year. About 20 others stood on the opposite side calling for the legalisation of dog meat .

Oliver Jackson-Cohen to replace Johnny Depp in 'The Invisible Man'
Leigh Whannell is directing, writing and executive producing the movie, which is scheduled to hit theaters on March 13, 2020 . Jackson-Cohen's other credits include the BBC drama Man In an Orange Shirt , as well as films like The Healer and The Raven .

Amir Khan claims WBC international welterweight title
Khan came out strong and fast, utilising the hand speed we're so accustomed to seeing throughout the years. Khan and Dib competed for the WBC International Welterweight Championship at Jeddah's Season Festival.

Julian Alaphilippe leads Tour de France again as Geraint Thomas has scare
Thomas was involved in another crash during the opening stage last week in Belgium. Julian Alaphilippe is reunited with the yellow jersey.

Police kill man allegedly attacking Tacoma immigration prison
The shooting comes just one day before ICE is expected to begin deporting thousands of illegal aliens with final order of removal. After the gunfire, officers took cover, contained the area and set up medical aid a short distance away, police said.

NYC power outage knocks out subways, businesses, elevators
The blackout stopped subway service, halted Broadway shows, disabled traffic lights and may have trapped people in elevators. The New York Fire Department posted a message on Twitter saying it was at the scene of the blaze.