Binance to Confirm Margin Trading Launch Plans

According to CEO of the exchange, Changpeng Zhao, the corresponding code is ready and the system is currently being tested.
08 May 2019   588

The head of Binance Changpeng Zhao confirmed the information that the exchange will soon launch margin trading.

During the discussion with the community on the eve of the hacker attack, Zhao stressed that Binance would soon launch margin trading.

Changpeng said they are working on a margin trading system that will be launched very soon. Initially, it will be launched for key clients, large traders who will help test it. 

According to him, the corresponding code is ready and the system is currently being tested. In addition, Zhao noted that Binance is actively discussing the possibility of issuing its own steylcockin, and also is selecting candidates for the next IEO on the Launchpad platform.

However, over the next week, the marketplace team will be fully focused on studying security issues and addressing the effects of hacking. Consequently, the above development and discussion of future plans for Binance is likely to be postponed for some time.

Gemini Wants to Trade Crypto Securities

The broker-dealer license appeal will be sent to Financial Industry Regulatory Authority, but experts believe the plans implementation can take some time
03 July 2019   1071

Gemini Bitcoin Exchange will apply for a broker-dealer license, which will allow it to operate as an alternative trading system and offer clients securities on the blockchain. It is reported by CoinDesk.

The appeal will be sent to the Financial Industry Regulatory Authority (FINRA).

Gemini has previously entered into a partnership with Harbor, a startup specializing in real-world assets tokenization, which gives institutional investors the opportunity to purchase securities using Gemini Dollar (GUSD).

However, now, as source familiar with the operating activities of Gemini said, the exchange plans to launch trading in similar instruments on its own platform. It is assumed that this will be securities from Harbor, as well as from other projects.

Implementation of these plans, however, may take quite a long time, so FINRA is in no hurry to approve applications for obtaining a broker-dealer license from cryptocurrency companies. Currently, the organization is considering about 40 such applications, while some companies have been waiting for 14 months to complete.

In April, Harbor raised $ 28 million in funding from a number of venture capital investors, including Andreessen Horowitz and Pantera Capital. In November of the same year, the company launched a platform for distributing security tokens, starting with the sale of shares in The Hub residential complex in South Carolina.