If trade on spot and not Binance Futures then Margin Grids and Leveraged Grids must both be using liquidity provided by Pionex, is that correct?

Answer

The market they trades are still in the Spot market, but the liquidity pool is provided by Pionex. Pionex provides the pool for user to borrow the tokens to be used on the margin and leverage. So, technically you still trades in the same Spot Market.

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