Binance, one of the world's leading cryptocurrency exchanges, announced that it has added ARKM as a new loanable asset on both Cross Margin and Isolated Margin.
Binance Expands Margin Trading Options with Adding ARKM to Cross Margin and Isolated Margin
This move aims to improve the platform's margin trading options and provide users with more opportunities to participate in the crypto market.
The newly introduced Cross Margin trading pair ARKM/USDT gives traders access to ARKM tokens paired with the popular stablecoin USDT.
Similarly, Binance introduced the ARKM/USDT trading pair on Isolated Margin, providing a more focused and individualized trading experience for users.
Margin trading allows users to borrow funds from the exchange to increase their trading positions, potentially increasing both profits and losses.
Cross Margin refers to a mode of margin trading where the available margin for one trading pair can be used to cover losses in another pair, providing traders with greater flexibility and risk management capabilities.
On the other hand, Isolated Margin allows traders to manage risk more precisely, as each trading pair works independently with its own specific margin.
ARKM is now among the growing list of collateralizable assets available on Binance, giving investors more opportunities to diversify their trading strategies and capitalize on market movements.
*Not investment advice.