Binance, the world's largest cryptocurrency exchange by trading volume, has added PIVX (PIVX) as a new borrowable asset in its margin offerings, resulting in a 15% price increase for PIVX. Additionally, Binance introduced ADA/FDUSD and DOGE/FDUSD trading pairs to its margin trading options, alongside recent gains in Cardano and Dogecoin's prices.

Binance's Margin Trading allows leveraging positions with borrowed funds, offering high-profit potential but also significant loss risks. With these updates, traders can access funds from the exchange for use in leveraged trades, enabling them to deal with larger sums and adjust their positions accordingly. However, it is important to note that margin trading can lead to greater profits in successful trades but may result in more significant losses if the market moves in the opposite direction.