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The prominent cryptocurrency exchange Binance recently made a significant announcement regarding Blur (BLUR), Viction (VIC), Komodo (KMD), Lisk (LSK), SuperRare (RARE), and Voxies (VOXEL). Binance has added these altcoins to cross margin and isolated margin trading pairs with USDT.
Binance Adds New Assets to Cross Margin and Isolated Margin
Cryptocurrency exchange Binance has announced the addition of BLUR, VIC, KMD, LSK, RARE, and VOXEL as new borrowable assets in cross margin and isolated margin trading.
Accordingly, LUR/USDT, KMD/USDT, LSK/USDT, RARE/USDT, VIC/USDT, and VOXEL/USDT trading pairs have been added to cross margin. For isolated margin, BLUR/USDT and VIC/USDT trading pairs have been included.
What Are Binance Isolated Margin and Cross Margin?
Isolated margin and cross margin on Binance represent two different margin modes that users can choose from when engaging in leveraged trading. In isolated margin mode, users can allocate a certain margin for each trade. This means a separate margin is set for each transaction, and it is used exclusively for that transaction. Other trades are not associated with this separated margin, which allows you to isolate risk and prevent one trade’s loss from affecting others.
In cross margin mode, the entire account balance is pooled and used for all open trades. This means your total balance is associated with the margin of all your open positions, which could affect the total balance if one trade incurs a loss. However, this mode also offers more flexibility and allows optimization of the total margin level.
The choice between which margin mode to use depends on the user’s trading style, risk tolerance, and strategy. Isolated margin may be suitable for those who want to limit risk and allocate a specific margin for each trade. Cross margin, on the other hand, may be more appropriate for those seeking greater flexibility and wanting to optimize the overall portfolio margin. However, careful research and a solid risk management strategy should be determined before using either margin mode.
- Binance integrates new altcoins into margin trading.
- Users can choose between isolated and cross margin modes.
- Choice of margin mode depends on trading style and risk.
