Bitcoin exchange CEX.IO launches BTC, ETH margin trading with risk-preventing system
UK-based bitcoin exchange CEX.IO announced in a press release sent to CoinReport the launch of bitcoin (BTC)/USD and ether (ETH)/BTC margin trading with 1:2 and 1:3 leverages on its platform. The exchange also said that it has developed a special risk-preventing system that ensures that user’s balance is not moved to negative values by margin trading.
“Bitcoin margin trading by CEX.IO has a range of competitive advantages making it easy and attractive even for beginners,” said the exchange. “Thus, there is no need to open any extra margin account to trade with leverage, and borrowing funds is done automatically together with position placement.”
The exchange, for its margin trading service, will charge commission for position opening and rollover fee that is charged only for efficient time period, while position is opened.
The bitcoin exchange also simultaneously introduced its new, volume-tiered trade fee schedule, according to which, maker fee will remain 0%, whereas takers can considerably reduce their trade fee by trading more and more in their accounts.
The company also said that it plans to launch margin trading on other pairs in the nearest time.
Image courtesy of CEX.IO