CNBC Featured Crypto Trader: Margin Trading is Key to Capture Market Share

Tony "The Bull" Severino

5 years ago

3 mins read

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The crypto market is on fire once again, following the longest bear market on record. Throughout the bear market and especially during times of sideways consolidation and increasingly tightening ranges, crypto traders often turned to exchanges that offered margin trading in hopes of magnifying any profits generated and better keep up with the gains traders became accustomed to during the crypto bull market.

The crypto market environment has once again changed. More competitors are entering the margin trading arena than ever before, as it is the #1 most desired featured most cryptocurrency traders request. It’s become so important, one CNBC-featured trader believes that margin trading is the key to capturing market share.

Battle for the Best Margin Trading Experience, Winner Takes Market Share

During the bear market, BitMEX made quite a name for itself, as it has long been the main crypto exchange offering traders 100x leverage on Bitcoin trading, as well as the ability to “short” the market, earning off falling crypto prices. But as the market heats back up, more competitors are entering the industry, and established powerhouses are working on adding margin trading services of their own.

In just a few short months, margin trading has become a hot topic across the crypto industry. As BitMEX frustrates users with order submission errors, and with Tether drama making Bitfinex less appealing for traders seeking leverage, it has opened the doors for many others to take notice.

Malta-based crypto exchange OKEx recently raised their max leverage from 3x to 5x. In a recent Youtube AMA, Coinbase CEO Brian Armstrong mentioned that his firm is considering adding margin in the future. Much of the recent interest in margin trading lately is due to Binance adding the option in the future. Thus far, Binance CEO Changpeng Zhao confirmed rumors that the firm is adding support for margin trading “soon,” but fell short of offering any additional details.

It’s expected that Binance is to offer margin rates similar to OKEx, Kraken, or Bitfinex, which may not be enough for traders who have grown fond of the 100x offered by BitMEX.

🔮Future Prediction: Margin trading on @binance will allow them to capture a majority share of the margin trading market from Bitmex and Bitfinex and make $BNB a top 3 token in the near future.

Congrats to @cz_binance for the new platform upgrade and listening to the community. pic.twitter.com/8pHIWhgkxp

— Jacob Canfield (@JacobCanfield) May 24, 2019

CNBC-featured trader Jacob Canfield believes that margin trading is the key to capturing market share, and it could help Binance bring its Binance Coin utility token into the top 3 by increasing demand for the token that is used to reduce fees for traders.

Binance has a lot going for it – it’s among the most popular exchanges by volume, and it offers one of the largest varieties of exotic altcoins. However, it lacks the ever important 100x leverage offered by BitMEX and and others.

Binance will have to prove itself to the crypto market once again, this time that the platform can handle margin trading and still maintain its large catalog of alts and massive trading volumes, and not experience the instability that has frustrated BitMEX traders for much of its existence.

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Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.