According to reports, IDG-backed cryptocurrency exchange KuCoin is set to launch its Margin Trading service, which allows users to apply leverage to their trading through borrowing “crypto valued multiplied original principal for more transaction possibilities.” However the company didnt reveal the details of the amount of leverage traders will have. So this means that users will effectively borrow cryptocurrencies, depositing their own digital assets as collateral. If the losses on the account exceed the value of their collateral, their positions are automatically liquidated and the invested money is lost. KuCoin can change the different levels of risk for different tokens. The maximum leverage or initial margin requirements can also be changed according to the token’s associated risk. “By selling the lending crypto, users can short their positions to get profit. Margin trading, compared to traditional trading, has the potential for higher profit but, due to price fluctuations and high liquidity, also faces higher transaction risk,” it said in an official announcement. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next GBP/USD technical analysis: Cable off daily lows, holding above 1.2815 level FX Street 3 years According to reports, IDG-backed cryptocurrency exchange KuCoin is set to launch its Margin Trading service, which allows users to apply leverage to their trading through borrowing "crypto valued multiplied original principal for more transaction possibilities." However the company didnt reveal the details of the amount of leverage traders will have. So this means that users will effectively borrow cryptocurrencies, depositing their own digital assets as collateral. If the losses on the account exceed the value of their collateral, their positions are automatically liquidated and the invested money is lost. KuCoin can change the different levels of risk for different tokens.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
