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.