The well-known Bitcoin and Cryptocurrency exchange KuCoin has announced that the own crypto-currency KCS from the 19th century. December stands for the Margin Trading available. The trading pair of KCS/USDT can be traded from this point on, with a leverage of up to 10x.
KuCoin expanded Margin trading with KCS
The Margin trading on KuCoin allows users to borrow other Token, by pledge some of their own tokens. This is a Long or Short Position. So that users can achieve with a small bet at a low-rate movements in profits. Of course, not without risk. KuCoin Margin Trading since the end of October, the following crypto currencies: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Tether (USDT), EOS and Litecoin (LTC), with over 12 different trading pairs. Now it is expanded with the native cryptocurrency KCS.Michael Gan, CEO of KuCoin, said:
As our native Token KCS is the backbone of almost every Service on KuCoin and it is also one of the most traded digital Assets on KuCoin.com. The margins of trade for KCS is a very important step, as it throws more light on this Token, and Thousands of existing and potential KCS-holders to implement more advanced trading strategies, which leads to more profit.
Together with the new Margin Pair of KCS/USDT KuCoin from 19. to 23. December 2019 start an extremely low-interest borrowing. The exchange provides to 1,000,000 USDT so that the user can take out loans with a daily interest rate of 0.01% (3.7% per year). The interest rate on most of the other crypto-platforms, however, is often close to 10%. The loan funds will be used daily at 18:00 (UTC+8) available and in the order of their receipt offered.You know the Bitcoin and crypto-currency exchange KuCoin already and have the Margin trading is used? You look better Videos to read the article? Then look at our Youtube Channel over.