Amendments made to the general public API [Application Programming Interface] of leading cryptocurrency exchange Binance apparently reveal that the firm is functioning on implementing margin trading.
Recently, a user on Reddit brought the API ‘amendments‘ to general public attention on yesterday i.e.. 20th March when they were updated last week, adding that the Binance public API response differs from what it ought to be per the official ‘documentation‘ revealed by the firm on GitHub. Additional, the API presently includes two extra boolean – that implies that their worth will be solely true or false — variables.
The name of the primary added variable is “isSpotTradingAllowed,” whereas the second is “isMarginTradingAllowed.” The self-explanatory variable names apparently recommend that Binance exchange is within the midst of implementing margin trading capabilities.
At the reporting time, data by the API additionally shows that ‘isSpotTradingAllowed’ is set to enabled and ‘isMarginTradingAllowed’ is set to disabled on all of the 482 commercialism pairs.
Binance first secured within the feature rollout section of its ‘white-paper‘ that margin commercialism would be implemented after spot trading and before futures on its exchange. Another user on Reddit pointed out in a ‘comment‘ to the post, what’s new now is the actual modification within the API.
Rather than Binance, other cryptocurrency exchanges also provide margin trading.
Earlier in Feb., renowned Malta-based cryptocurrency exchange ‘OKEx’ listed four new margin trading pairs to its platform with up to 100x leverage. And in December last year, Hong Kong-based cryptocurrency exchange Bitfinex ‘launched‘ margin commercialism for stablecoin Tether [USDT] against dollar.