HitBTC, one of the leading digital asset exchanges in terms of market liquidity and trading pairs, has rolled out margin trading for its main platform. This new feature allows users to open positions of a larger size with a smaller initial deposit by using additional funds that are provided by a margin lender. The platform has also released a mobile version of its trading platform for iOS devices. Available in the App Store, HitBTC for iOS joins the exchange’s Android application among its mobile options.
Margin Trading for All Devices
To open a margin trade, users will only have to put forward the collateral, which is equivalent to a particular percentage of the full value of the position. Margin trading is available for the same order types HitBTC offers to its users for seven crypto pairs: BTC/USDT, ETH/USDT, BCH/USDT, XRP/USDT, ETH/BTC, BCH/BTC, XRP/BTC.
The key difference is that all long-buying and short-selling operations that are leveraged will give users the chance to multiply capital gains. Now, the exchange has made it possible to trade at a leverage of up to 10:1. This ratio of borrowed funds to deposited collateral allows traders to increase both their position size and, in turn, their potential profit tenfold. For instance, at a x10 leverage ratio, users only have to commit 20% capital, or $200, to open a $2000 position. Read More...