Binance, the world’s largest crypto exchange, added margin trading for its XRP/ETH trading pair earlier this week.
— Binance (@binance) November 5, 2019
According to the announcement, margin trading for XRP/ETH is now available with up to 3x leverage. The borrowing rates depend on how much BNB you hold in your account, with the lowest tier at 0.02% daily with an 1,800 ETH limit.
The XRP/ETH trading pair currently sees less than 5,000 ETH in daily trading volume, so the move is likely an effort to further boost the volume on the exchange’s altcoin markets.
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.