Binance CEO confirms margin trading, stablecoin discussions, and possible Argentina launch in wake of security breach

In an ask-me-anything session mere hours after a successful hack of Binance, CEO Changeng 'CZ' Zhao says the exchange is gradually rolling out margin trading. A stablecoin might be added in the future as well, although which coin and dates were not disclosed. Argentina will be the next location for a Binance fiat-to-crypto exchange, following a recent launch in Singapore. In regards to the hack, CZ abandoned the idea of conducting a Bitcoin ($BTC) re-org to recover the funds. Deposits and withdrawals will remain locked pending a security investigation.

Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.