September 1st, 2020 at 7:50 am UTC · 2 min read
HitBTC, one of the world’s leading digital asset exchanges, has added more trading pairs to its new margin trading feature which was rolled out on its main platform earlier this summer.
Margin trading allows users to open positions with smaller initial deposits through the use of additional funds that are provided by a margin lender and ensured by a certain percentage of the full order value. Users can multiply their capital gains by accessing up to 10x leverage to increase both their position size and their potential profit up to five or ten fold depending on the chosen pair.
The new trading pairs available on this exciting feature allow users up to 10x leverage on EOS/USDT, TRX/USDT, LTC/USDT, ETC/USDT, ADA/USDT, XMR/USDT, EOS/BTC, TRX/BTC, LTC/BTC, ETC/BTC, ADA/BTC, XMR/BTC and up to 5x leverage on BSV/USDT, ZEC/USDT, DASH/USDT, XLM/USDT, NEO/USDT, VET/USDT, DOGE/USDT, BSV/BTC, ZEC/BTC, DASH/BTC, XLM/BTC, NEO/BTC, VET/BTC, DOGE/BTC.
When accessing margin trading through the HitBTC platform, users have the option to manage their position size within a valid buying power range, to ensure that in case of a partial closing of a position, the PNL (profit and loss) is calculated in proportion to the value of the position. Moreover, users can manage liquidation risks by transferring funds in and out of their margin account to make sure that the required margin to keep their positions open are maintained.
Peter Swen from the HitBTC marketing team said,
“Our new margin trading feature is not only reliable on our main platform but works perfectly with our API service. We are also working hard to integrate margin trading on both our iOS and Android App’s, more announcements about this will follow”.
HitBTC is one of the most advanced digital asset exchanges in the crypto industry that offers over 800 trading pairs. The platform was created in 2013 and provides exchange, custodial, and other related services. HitBTC offers a wide range of APIs such as REST, WebSocket and FIX API. The exchange’s UI was developed to meet the needs of the most demanding and sophisticated traders. Users can also take advantage of competitive trading fees via HitBTC’s Trading Fee Tier system.