One of the most prominent crypto exchanges, Binance, has published already the second tweet about its mysterious Binance 2.0, but still hasn’t revealed its secret.
…loading [■■■■■■■■■□] 90% pic.twitter.com/JvrcwjCFbt
— Binance (@binance) May 29, 2019
While the members of Binance community are actively trying to guess what this “Binance 2.0” could mean, the price of Binance Coin (BNB) is not staying at one point. At the press time, the coin is traded for $33,66 having gained 1,06% in the previous 24 hours.
The 24-hour trading volume is $571 218 636. And the market cap has reached the mark of $$4 751 855 224 which makes BNB the 7th largest crypto asset by this parameter.
As Coinspeaker has reported, last week, BNB achieved its new 2019 ATH while its trading volumes also reached their new records.
These positive changes were a result of the impact made by the mysterious tweet number1, which was published on May 21 and caused a lot of noise across the crypto community.
— Binance (@binance) May 21, 2019
Binance 2.0: What It Could Be
It’s clear that when people do not have enough information they are trying to guess. Quite often they are not correct and it causes a lot of rumors. But we should admit that if Binance has done it purposely to attract the community’s attention, it has successfully achieved its aim. As Alexandre Dreyfus, CEO of sports blockchain platform Chiliz, has noted, “that’s a bigger teaser than GOT season 8″.
Soon after the first tweet was published, there appeared talks that it could be an allusion to the launch of the Binance DEX, marginal trading, or some other features.
Nevertheless, there are more and more arguments in favor of the fact that the launch of margin trading is the event that will happen soon.
Let us also remind you that this month, Binance has suffered a serious hack incident. It lost 7000 BTC worth $40 million. Nevertheless, now judging on its activities and BNB value, we can say that it is doing remarkably well.
In the framework of an “Ask Me Anything” session that followed the hack, the exchange’s CEO, Changpeng Zhao (better known as CZ), received a lot of questions about their plans to expand their offerings. In such a situation, he could do nothing but confirm that they have some plans to launch new features. The list of these features includes margin trading for Bitcoin and other popular digital assets.
According to CZ, their engineers are beta testing the new service and quite soon it can be rolled out to a particular group of large traders.
There is one more confirmation. Earlier, it was revealed that the “isMarginTradingAllowed” boolean in Binance’s API became available for nine pairs. Among them, we could mention the following ones: BTC-USDT, BNB-BTC, ETH-BTC, TRX-BTC, and XRP-BTC.
So, looking at the Binance progress bar, we can say that the truth will be revealed quite soon.