Bitfinex increases maximum leverage for BTC/USD pair to 10x
Digital token trading platform Bitfinex has increased the maximum leverage for margin trading on the bitcoin-US dollar pair to from 5x to 10x.
In addition, the maximum borrowing amount on Bitfinex Borrow has been increased from 80 per cent to 90 per cent of collateral for USD loans using BTC as collateral and BTC loans using USD as collateral.
“Increasing the maximum leverage for margin trading on BTC/USD will help facilitate more advanced trading strategies and the management of risk,” says Paolo Ardoino, CTO at Bitfinex. “Meanwhile, the increase in the maximum borrowing on collateral for Bitfinex Borrow will provide greater flexibility and allow our users to do more with their digital tokens.”
Margin trading enables traders to borrow funds to increase leverage, offering the potential for greater profits than in traditional trading. Still, the potential for greater rewards also comes with higher levels of risk, particularly given the volatility of digital assets. If you wish to learn more about margin trading, please visit its knowledge base article. Eligible Bitfinex users can obtain financing for margin trading through the peer-to-peer (P2P) financing marketplace available through Bitfinex.
Bitfinex Borrow is a peer-to-peer (P2P) digital token loan portal that allows users to borrow funds from other users by using their cryptocurrency or fiat assets as collateral.