Binance Adds FIO to Cross Margin Trading
FIO is excited to announce that leading cryptocurrency exchange Binance has added the FIO Token ($FIO) to Binance Cross-Margin Trading, a one-stop hub allowing Binance users to trade assets with access to greater sums of capital and leveraged positions.
What is Margin Trading?
Margin trading amplifies trading results so that traders are able to realize larger profits on successful trades. This ability to expand trading results makes Margin trading especially popular in low-volatility markets, particularly the international Forex market. Still, Margin trading is also used in stock, commodity, and cryptocurrency markets.
In traditional markets, the borrowed funds are usually provided by an investment broker. In cryptocurrency trading, however, funds are often provided by other traders, who earn interest based on market demand for Margin funds. Although less common, some cryptocurrency exchanges also provide Margin funds to their users. [Source]
FIO, the Foundation for Interwallet Operability, is a decentralized consortium of blockchain organizations and community members supporting the ongoing development, integration, and promotion of the FIO Protocol. The protocol is an open-source, decentralized usability layer solution that works across all blockchains, and uses human-readable Crypto Handles to replace the complexity, risk, and inconvenience that comes with blockchain-based transactions using public addresses. FIO Protocol is built on the FIO Chain, a dPoS blockchain fueled by ecosystem utilization of the FIO Token ($FIO).