Binance, the world’s largest cryptocurrency exchange has added Tezos (XTZ) margin trading to its platform. The new margin trading pairs include XTZ/BTC, XTZ/USDT.
Margin trading is a high risk trading strategy that allows trading cryptocurrencies using funds provided by a third party. Margin trading gives traders the ability to enter into positions larger than their account balance this can generate a huge profit if executed correctly.
The Tezos project is a USA-based blockchain solution that supports building smart contracts and its Tezos (XTZ) token. The project was founded by former Morgan Stanley analyst Arthur Breitman. It’s an Ethereum-like blockchain that hosts dApps and smart contracts.
Tezos project held an ICO (Initial Coin Offering) from July 1 through 13, 2017. It raised cryptocurrency worth $232 million.
At the time At the time of writing, XTZ token is currently worth $1.26, the peak price of XTZ so far was $12.15 on December 17, 2017.
*Charts are provided by cryptocompare.com
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