HitBTC Launches Margin Trading With up to x10 Leverage

HitBTC, a popular cryptocurrency exchange in the industry, has added what it calls margin trading for up to x10 leverage for those trading on its main platform, according to a press release.

“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 and ensured by a certain percentage of the full order value,” the release notes.

Margin trading will be available for seven cryptocurrency pairs: BTC/USDT, ETH/USDT, BCH/USDT, XRP/USDT, ETH/BTC, BCH/BTC, XRP/BTC.

Essentially, margin trading allows users to multiply their capital gains while trading. “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 empowers 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,” the release notes.

For those looking to test out margin trading, HitBTC has released what it calls a demo platform that will allow users to try margin trading in a safe environment with a virtual balance instead of with real money.

Remember, all trading carries risk. Past performance is no guarantee of future results.

Cryptocurrency and games writer. Looking to the future by studying how these two industries can blend.