Margin trading is now available for Avalanche pairs (AVAX/USD or AVAX/USDt) and Terra pairs (LUNA/USD or LUNA/USDt) on Bitfinex. This new feature will be available beginning at 2 p.m. UTC on August 5, 2021. These pairs will have a maximum leverage of 3.3 times. The initial margin will be 30%, and the maintenance margin will be 15%.
When compared to traditional trading, margin trading is a more profitable option for investors. This is due to the fact that margin trading allows traders to borrow funds in order to increase their leverage. However, just like any other open market trade, there are numerous risks associated with margin trading. As the leverage on margin trading increases, so does the risk factor. In general, the world of cryptocurrencies and digital assets is quite volatile.
Bitfinex is a Hong Kong-based online cryptocurrency exchange that was founded in 2012. Users have the option of trading popular altcoins as well as digital tokens (BTC/USD) pairs. Among most international cryptocurrency exchanges, Bitfinex has one of the highest trade volumes.
Bitfinex is well-known for its margin trading services as well as its in-house trade indicator services for long and short Bitcoin positions. Customers of Bitfinex, on the other hand, complain that the exchange’s verification process is time-consuming and inconvenient. Consult a Bitfinex review for more information on the exchange.
Bitfinex has added margin trading for new pairs in order to make cryptocurrency trading more appealing to traders. The market for digital assets is still expanding. The market is growing as new altcoins and tokens are introduced. Cryptocurrency exchanges and service providers are also attempting to capitalize on this trend by introducing new products and services. Cryptocurrencies may become a major currency for financial transactions all over the world in the coming years.