Binance, the world’s largest crypto exchange, added margin trading for its XRP/ETH trading pair earlier this week.

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.

This news comes several days after Binance added margin trading support for QTUM (QTUM), IOST (IOST) and VeChain (VET).

US investors unable to trade on Binance’s main platform can now join Binance.US and earn $15 for signing up and trading $100, as well as $15 for every referred user.

More: Binance Adds Margin Trading for XRP/ETH
Recent: Binance’s Top Referrer Made $100K in a Week During Bitcoin’s (BTC) Recent Rally

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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