Binance, one of the world's leading cryptocurrency exchanges, announced that it has added XEM as a new loanable asset to Cross Margin.
Cryptocurrency Exchange Binance Adds XEM to Cross Margin
This move is expected to provide users with more opportunities to trade and invest in the cryptocurrency market.
XEM, also known as NEM, is the native cryptocurrency of the NEM blockchain platform.
With the addition of XEM to Cross Margin, users will have the option to borrow the cryptocurrency in exchange for their collateral for trading purposes.
Cross Margin trading allows traders to use their entire account balance as collateral, giving them greater flexibility and the potential for higher leverage.
To ensure transparency and provide comprehensive information to users, Binance encourages investors to consult the Collateral Data section for the most up-to-date details on collateralizable assets, specific limits, collateral and borrowing rates.
By continually expanding the range of collateralable assets and trading options, Binance aims to provide a diverse and user-friendly platform for both novice and experienced traders in the ever-evolving cryptocurrency market.
The addition of XEM to Cross Margin is expected to further strengthen Binance's position as a leading player in the cryptocurrency exchange industry.
*Not investment advice.
