Leading zero-fee digital currency trading and next-generation cryptocurrency service platform COBINHOOD has launched margin trading on its platform, according to a press release CoinReport received from 5W, COBINHOOD’S communications firm.
The platform users, from beginners to experienced, can maximize their trading power and tap into idle funds for a better value, says the exchange.
The comprehensive features are:
- Margin Trading – users can trade more than they presently can, with 3x leverage for COB/ETH, ETH/USDT, BTC/USDT and ETH/BTC.
- Margin Funding – margin traders can get their hands on digital currency funds in return for interests earned on funding amounts provisioned, presently offered with four digital currencies, including USDT, BTC, COB and ETH.
- Short Selling – traders can increase financing flexibility and benefit from potentially higher returns on investment, also providing 3x leverage for COB/ETH, ETH/USDT, BTC/USDT and ETH/BTC.
COBINHOOD co-founder and CTO Wei-Ning Huang stated in the news release we received, “We are excited to officially roll out our Margin Trading feature, as we continue to improve and expand the COBINHOOD platform. Unlike other cryptocurrency exchanges, at COBINHOOD we are constantly innovating our features and services to support traders. We look forward to improving the COBINHOOD platform and offering innovative features that will keep the industry moving forward as it grows.”
The exchange’s margin trading functions offer both beginner and experienced traders the chance to develop their skillset on a secure and trustworthy platform. Traders can elevate themselves to expert levels by increasing their knowledge about blockchain technology and digital currency in a digestible, yet informative manner via expert tutorials by COBINHOOD.
The exchange is launching margin trading with a Golden Mission, which is an exclusive benefit for users available from October 19 to December 19. As per the mission, those who complete selected margin trades and margin funding bids will get free COB and tickets for Candy Machine, COBINHOOD’s lottery program. In total, users will be able to get 25 candy machine tickets and 150 COB if they complete the entire mission.