Cross Margin in plain English for you 😉
Cross margin on Binance is a trading mode where all the money in your margin account is used as collateral for all your positions. This means that all your positions share the same margin, which can help you avoid the rapid liquidation of an individual position. Basically, it's more flexible and can reduce margin requirements. And I'd like to take this opportunity to remind you of some good news you may have missed! Binance has recently added the FIRO/USDT pair to the cross margin. This allows you to trade FIRO with more flexibility and security.
FIRO advantages :
Confidentiality: FIRO uses advanced technologies like Lelantus to guarantee anonymous transactions.
Security: transactions are secure, protecting your financial data.
Decentralization: FIRO is designed to resist censorship and mass surveillance.
With FIRO on cross margin, you can enjoy these benefits while benefiting from greater trading flexibility.
