• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
Breaking News: Dogecoin (DOGE) Soars 8%, But An Uptick In This Metric Suggests A Pullback
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Dogecoin (DOGE) Soars 8%, But An Uptick In This Metric Suggests A Pullback

Will Bitcoin Margin Trading Help Binance and Coinbase Survive Big Banks Entering Crypto?

Tony Spilotro by Tony Spilotro
4 years ago
in Cryptocurrency news, Bitcoin, Ethereum, Ripple
Reading Time: 3 mins read
Advertisement

There’s a shift beginning across the crypto market: institutions are finally entering, and it’s already having a powerful impact on the price of Bitcoin. This also means that the crypto mainstays of the last bull run – such as Binance and Coinbase – are in danger of being decimated by established traditional financial firms with trillions of assets under management who are beginning to enter the space and cater to the growing institutional demand.

This has prompted the current industry powerhouses to step up their game, adding new features, and serving the needs of more advanced traders and investors by adding trading options like margin, which the exchanges have not offered in the past. But will margin trading and other features geared toward more advanced traders be enough to prevent total demise at the hands of the likes of Fidelity and other Wall Street behemoths.

Investment Analyst: Crypto Going Mainstream Spells Doom for Coinbase and Binance

The battle for the top crypto exchange has heated up in recent weeks, as each platform introduces new features that appeal to a broader range of more experienced investors.

Get 30 FREE SPINS at Punt Casino - NO DEPOSIT REQUIRED! Start Playing Now.
No Deposit 40 FREE SPINS at Wild.io on SIGN UP. Wheel of fortune, daily bonuses, 10 BTC in prizes monthly! Start Playing Now!

Related Reading | Next Bitcoin Bull Run Will Be First Cycle Supported By Established Financial Firms

Unfortunately, though, the attempt may be futile now that “big banks” and “large brokerage houses” are entering the crypto market, according to investment research analyst Ahmad Khokhar.

Hate to break it to you, but if crypto is going mainstream, 'Big Banks' and large brokerage houses will eat @binance and @coinbase alive. They will either be acquired or they will go out of business.

At the end of the day, who you align with will come down to fees/service. https://t.co/WP6BM4gGAt

— VisionX (@VisionCodeX) May 29, 2019

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

The analyst asserts that while the crypto community argues over who will dominate the crypto market between Coinbase and Binance, they are in grave danger of being “acquired” or going “out of business.” Kohkhar says that “big banks” such as Fidelity and JP Morgan will “eat Binance and Coinbase alive.”

Margin Trading Debuts on Beta Binance 2.0, Industry Reacts

The power of these businesses, some with decades of investment experience and trillions of assets under management cannot be understated. And as was witnessed during the dot com bubble with Microsoft and Netscape, being first and dominant doesn’t always last.

Related Reading | Crypto Assets Compared to Dot Com Domains Shows Unrivaled Growth Performance 

One way these early crypto exchanges are hoping to stay ahead of the pack is by adding margin trading options when most investors using the platform have been restricted to spot buying and selling of crypto assets. Coinbase CEO Brian Armstrong said his firm is considering margin in the future during a recent Youtube AMA, and Binance just today launched the beta version of “Binance 2.0,” as they’re calling it – complete with margin trading pairs enabled with 2x leverage.

Binance margin (beta) is live

Pairs: $BNB, $BTC, $ETH, $TRX and $XRP
max leverage x2https://t.co/pM6RDiGnUL pic.twitter.com/1r2zdz1S4W

— Unfolded (@cryptounfolded) May 30, 2019

However, the crypto industry is already showing much disappointment in Binance’s max leverage of 2x. While some top traders predict that margin trading could be the key to Binance achieving wild success, the 2x leverage falls significantly below the 100x offered by BitMEX and Deribit. It’s even below the 3x and 5x leverage offered by Kraken, Bitfinex, and OKEx, leaving traders eager to take the new Binance for a spin feeling let down.

Binance only allows 2X Margin trading? That's kinda disappointing 🙁

— Hisoka (@HI3OKA) May 30, 2019

Binance also announced the assets that are available for trading using margin and they include Bitcoin, Ethereum, Tron, Ripple, and their native BNB token. 

Binance just announced the margin trading pairs that will be available.#Bitcoin #Blockchain #Trading #CryptoCurrencies pic.twitter.com/Dc2o5uNS39

— Crypto Rand (@crypto_rand) May 30, 2019

The lower leverage may also be Binance being a responsible member of the crypto community, as a crypto exchange offering the ability to purchase highly volatile assets using a credit card, then immediately turn around and trade those assets on leverage is a recipe for disaster for the company’s userbase, which is likely rife with retail investors that would be experiencing margin trading for the very first time.

Only time will tell if these latest moves will be enough to help Binance and Coinbase survive against the big banks that crypto was designed to stand up against.

Tags: banksBinancebitcoincoinbasecryptofidelityJP Morgan
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a global remote work leader with a decade of award-winning content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter at @tonyspilotroBTC and feel free to drop me a line if you would like to work together.

Related Posts

Increase In Shiba Inu Burn Rate Does It Signify The Normal

Shiba Inu Observes Highest Rise In Burn Rate – Is This Normal?

15 hours ago
AAVE

AAVE Seeks Proposal To Clear Itself Of Bad Debt – Can It Overcome These Obstacles?

15 hours ago
Litecoin

Litecoin (LTC) Displays Consolidation – Can We Expect A Reversal Soon?

21 hours ago
Digital assets got government support in 2022

Digital assets got government support in 2022

21 hours ago
Fasttoken (FTN) Secures Multi-Million Dollar Investment to Advance Its Web 3 Ecosystem

Fasttoken (FTN) Secures Multi-Million Dollar Investment to Advance Its Web 3 Ecosystem

1 day ago
U.S. Government Releases Roadmap To Mitigate Crypto Risk For Investors

U.S. Government Releases Roadmap To Mitigate Crypto Risk For Investors

2 days ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
Metaspins

Metaspins

Review · Visit
Coinplay

Coinplay

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

Fantom (FTM) founder makes announcement as they complete 100% rally, Solana (SOL) development updates & Why investors are flocking to Snowfall Protocol (SNW)

January 29, 2023

Dogecoin (DOGE) and Axie Infinity (AXS) Don’t Offer The Same 1000x Potential As Snowfall Protocol (SNW) According To Market Analysts

January 29, 2023

Crypto Market News Live: Aptos Soars Another 60% This Week in A Continued Price Rally, PancakeSwap Burns $100m Worth Of CAKE, Snowfall Set to Moon After Exceptionally Successful Presale Campaign

January 29, 2023

BudBlockz’s 220% Growth Puts It Ahead of Dogelon Mars and Floki Inu

January 28, 2023

MATIC Gains Over 20% As Polygon Network Records Biggest Whale Transaction Of 2023

January 28, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.