#bstockscis @BinanceCIS
The market is so torn up right now that you have to grab every reasonable opportunity to expand the liquidity of your portfolio. Just yesterday I was looking for where to park my spot profits. And then on August 5th, Binance drops a big announcement: they’ve added 10 new bStocks tokens as full collateral for cross-margin and Portfolio Margin. Now there are $NFLXB (Netflix),$ASMLB $SMCIB , and a bunch of other really interesting volatile tickers. I immediately got excited by the idea of putting them up as collateral to trade with leverage. But, as always, there’s one catch that I almost tripped over due to my inattentiveness. Always!!! read the fine print in the rules carefully. Borrowing these assets for shorts isn’t possible yet—they work exclusively as collateral. And most importantly—the margin feature is currently available only to users with VIP 3 status and above. Damn, I still have to grind my way up to the third VIP level by turning over volumes on futures for months. On the one hand, it’s a bit disappointing, and on the other, it’s an absolutely awesome incentive to increase your deposit. Meanwhile, for whales it’s just a holiday of efficiency: you hold Netflix shares long-term, and with the released margin you long Bitcoin. Pure overpoweredness
The market is so torn up right now that you have to grab every reasonable opportunity to expand the liquidity of your portfolio. Just yesterday I was looking for where to park my spot profits. And then on August 5th, Binance drops a big announcement: they’ve added 10 new bStocks tokens as full collateral for cross-margin and Portfolio Margin. Now there are $NFLXB (Netflix),$ASMLB $SMCIB , and a bunch of other really interesting volatile tickers. I immediately got excited by the idea of putting them up as collateral to trade with leverage. But, as always, there’s one catch that I almost tripped over due to my inattentiveness. Always!!! read the fine print in the rules carefully. Borrowing these assets for shorts isn’t possible yet—they work exclusively as collateral. And most importantly—the margin feature is currently available only to users with VIP 3 status and above. Damn, I still have to grind my way up to the third VIP level by turning over volumes on futures for months. On the one hand, it’s a bit disappointing, and on the other, it’s an absolutely awesome incentive to increase your deposit. Meanwhile, for whales it’s just a holiday of efficiency: you hold Netflix shares long-term, and with the released margin you long Bitcoin. Pure overpoweredness