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Bitfinex Adds Margin Trading for USDt/USD pair

BITFINEX

Related type: Others

2021-05-06 17:35

We're pleased to announce that the Tether token (USDt), US Dollar (USD) trading pair has been added to our suite of margin trading products. From 06/05/21 at 9:00 AM UTC, USDt/USD can be traded with a maximum leverage of 10x, an initial margin of 10% and a maintenance margin of 5%. 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. Important Notes 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.