LITECOIN, ETC,USDC MARGIN TRADING NOW AVAILABLE ON BINANCE, The news was published on Binance web page 6 hours ago. now you can trade Litecoin, ETC, and other coins
New Margin Assets: USDC, LTC, ETC
New Borrowable Assets: USDC, LTC, ETC
New Margin Pairs: BTC/USDC, LTC/USDT, LTC/BTC, ETC/USDT, ETC/BTC
........................................................................................................................................................................
Other Marginable Assets
..............................................................................................................................................................
Take note that the margin fee varies for each coin. visit https://www.binance.com/en/margin-fee to find out more information about fees.
How does margin trading work?
The trader will be required to commit a percentage of the total order value. This initial investment is known as the margin, and it is closely related to the concept of leverage.
For example, to open a $10,000 trade at a leverage of 10:1, a trader would need to commit $1,000 of their capital and so on depending on the interest rate, it is very important that you check the interest rate in the link above before deciding which coin to leverage. Naturally, different trading platforms and markets offer a distinct set of rules and leverage rates. In the stock market, for example, 2:1 is a typical ratio
For more information about trading. visit the page below.