Binance, the world’s largest crypto exchange, announced Thursday that it has added margin trading for two major altcoins, NEO (NEO) and Monero (XMR).

According to the announcement, margin trading with up to 3x leverage is now available for NEO/BTC, NEO/USDT, XMR/BTC and XMR/USDT.

The exchange also announced the launch of Binance X on Thursday, a developer-focused initiative to foster innovation in the blockchain ecosystem, especially across Binance’s various platforms.

“As Binance has evolved into a platform with multiple products and services, we believe it is the right time to systematically foster a developer ecosystem to build innovative products and services on our platform,” said Teck Chia, head of Binance X. “The Binance X team will help educate, create opportunities for collaborations and jumpstart growth of these projects via the different programs and resources we have at Binance.”

More: Binance Adds Margin Trading for NEO & XMR
Related: Binance Adds Lending for Binance Coin (BNB), Ethereum Classic (ETC) and Tether (USDT)

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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