MultiversX Tracker is Live!

Question on Margin Trading

Binance

Cryptocoins Exchanges / Binance 241 Views

Guys.:

Last Monday I transferred 100$ USDT to Binance Margin. I then borrowed 200$ from Binance Margin making it a total of 300$ which I placed to Cardano (ADA).

Today I wanted to add more funds to Margin but have no more USDT. So I transferred 500$ worth of BNB tokens to Margin. Now it says I can borrow an additional USDT amount upto 1000$.

my question is that will my 500$ collateral Bnb get converted to USDT by Binance or will it remain as BNB token and continue to appreciate in value similar to hodling in Spot trading?

submitted by /u/Individual_Dentist32
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments