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 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

Good News: Hive Gets Listed on Binance's Margin Trading Platform

BY: @sidwrites | CREATED: July 29, 2020, 5:16 a.m. | VOTES: 279 | PAYOUT: $38.54 | [ VOTE ]

Good news: Today, Binance has added Hive token to its margin trading platform. It supports 5X leverage. Meaning you can trade upto 5 times the initial amount.

This listing will activate new traders in the next few days.

[IMAGE: https://files.peakd.com/file/peakd-hive/sidwrites/oiE0P2a8-5x-Hive-Margin-Trading.png]

Binance's margin trading is known for its liquidity. You can access this margin platform by switching from Spot to Isolated 5x as shown in the image below. The link is here.

[IMAGE: https://files.peakd.com/file/peakd-hive/sidwrites/umk9K6J9-Binance-Trading.png]

Few more important points:

[IMAGE: https://files.peakd.com/file/peakd-hive/sidwrites/BDQHmMab-Hive-Interest-Rates.png]

Note that isolated margin is both a blessing and a curse. One has to trade safely. For those who are new, here is a quick example:

Say you have $100 worth of Hive in your account. You can transfer it to Binance — then transfer it to the margin account. Now you follow these steps using your $100 worth of Hive:

Overall, because Binance offers better liquidity than MXC, this move will attract and activate several hundreds and thousands of traders.

Good times are certainly here. 💪

Cheers,
Sid

If you liked this article? Feel free to comment and upvote and reblog.

TAGS: [ #hive ] [ #cryptocurrency ] [ #blockchain ] [ #crypto ] [ #binance ] [ #price ] [ #token ] [ #posh ] [ #community ] [ #leofinance ]

Replies

@simplifylife | July 29, 2020, 6:05 a.m. | Votes: 0 | [ VOTE ]

Damn, this will bring in a lot more buys especially as we're probably watching just the beginning of a bull run!

@sidwrites | July 29, 2020, 12:15 p.m. | Votes: 0 | [ VOTE ]

True. Can't wait to see what's next. Excited to even think about the bull run. Lot of people are ready. And that is scary.

@cardboard | July 29, 2020, 8:10 a.m. | Votes: 0 | [ VOTE ]

Hi, thanks for the info! Does this mean that we can also lend hive to margin traders?

@vlemon | July 29, 2020, 11:56 a.m. | Votes: 1 | [ VOTE ]

Very good question but I do not think Binance allows you to lend your crypto as collateral ? Or do they?

@cardboard | July 29, 2020, 12:13 p.m. | Votes: 0 | [ VOTE ]

They have a lending platform but it's not related to margin trading I think.

@sidwrites | July 29, 2020, 12:14 p.m. | Votes: 0 | [ VOTE ]

Binance has a lending feature but not related to margin. Link here. We have to see what's next.

@sidwrites | July 29, 2020, 12:13 p.m. | Votes: 1 | [ VOTE ]

Right now, NO Hive. Matter of activating this feature though. If the exchange lacks fund, or sees enough interest, they might add Hive. We can only wait for now. :)

@eirik | July 29, 2020, 8:18 a.m. | Votes: 0 | [ VOTE ]

Oh wow.

@sidwrites | July 29, 2020, 12:11 p.m. | Votes: 0 | [ VOTE ]

More good news. Let's see where we go from here.

@creativemary | July 29, 2020, 10:33 a.m. | Votes: 0 | [ VOTE ]

I am not crypto savy yet, but it sounds like good news!

@sidwrites | July 29, 2020, 12:09 p.m. | Votes: 0 | [ VOTE ]

Margin is simple. You borrow loan to trade more than what you have. Also very risky. Don't play yet. People lose money too!

@creativemary | July 29, 2020, 12:22 p.m. | Votes: 0 | [ VOTE ]

As they do in real life too. There will always be wins and losses. One's attitude around both cases determines their success

@sidwrites | July 29, 2020, 12:32 p.m. | Votes: 1 | [ VOTE ]

Love this:

> One's attitude around both cases determines their success

Good energy! Will leave this here...

[IMAGE: https://files.peakd.com/file/peakd-hive/sidwrites/NRFLzz5Z-Webp.net-gifmaker201.gif]

@creativemary | July 29, 2020, 12:49 p.m. | Votes: 0 | [ VOTE ]

Awwwwww now this is so cute! I have a huge smile now hahhaha, thank you!

@vlemon | July 29, 2020, 11:56 a.m. | Votes: 0 | [ VOTE ]

Well this is good for volumes but it makes it harder for the Hive whales 🐳 to “control” the token’s price.
It will be clearly something to monitor. Thanks for the news !

@sidwrites | July 29, 2020, 12:08 p.m. | Votes: 0 | [ VOTE ]

Haha! Well said. Did you know dolphins have more power than whales? Mentioned it this week in the newsletter.

Excited to see what's next for us. :)

@weirdestwolf | July 29, 2020, 3:33 p.m. | Votes: 0 | [ VOTE ]

This is great . About 4 new currencies were added to the isolated margin trading platform. This is good for hive though it might increase its volatility over time

@chesatochi | July 29, 2020, 11:03 p.m. | Votes: 0 | [ VOTE ]

Wow, this is pretty good news.

@mattsanthonyit | Aug. 4, 2020, 4:20 a.m. | Votes: 0 | [ VOTE ]

Absolutely Great news 👍

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