We're pleased to announce that the XRP (XRP), Tether tokens (USDt) trading pair and the Terra (LUNA), bitcoin (BTC) trading pair have been added to our suite of margin trading products.
From 08/09/21 at 10:00 AM UTC, XRP/USDt and LUNA/BTC can be traded with a maximum leverage of 3.3x, an initial margin of 30% and a maintenance margin of 15%.
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: https://support.bitfinex.com/hc/en-us/articles/115004555165-Intro-to-Margin-Trading
Nothing in this post is financial, investment or other advice. Nothing in this post is an offer to provide or take funding or the solicitation, recommendation or endorsement of any course of providing or taking funding.