CoinEx Announce Free Margin Trading Borrowing & KDA Listing

CoinEx Announce Free Margin Trading Borrowing & KDA Listing

CoinEx have announced a period of free borrowing for margin trading and the listing of a new token known as KDA with a trading competition attached.

The first of these announcements has come as means to celebrate the Bitcoin Cash (BCH) Halving which is scheduled for later this year. In March, the mining reward for BCH will be halved which is likely to result in the price of BCH increasing as the number of new coins in circulation begins to slow down. In anticipation of this, CoinEx will allow users to borrow the bitcoin hard fork from now until the middle of February for free when using the CoinEx margin trading service which has been available since June 2019.

The way in which this promotion will work is that when you borrow BCH during the time period allocated by CoinEx, the interest of the borrow will be calculated and debited but then returned to the trader within 5 working days meaning that it will not cost them anything to borrow BCH.

You can do this via the pairs that are available for the token, this means BSV/BCH, EOS/BCH, LTC/BCH, ETH/BCH pairs for pricing and BCH/BTC, BCH/USDT for trading. To help work out how the system will work, CoinEx has provided the following example as a guideline:

“User A borrowed 3 BTC in BCH/BTC margin trading pair on January 18 and the daily interest rate was 0.01% at that time. User A returned the borrowing on January 27 so the interest calculation for 10 days is 3*0.01%*10=0.0003 BTC, which will be deducted by CoinEx first and returned to user A’s account within 5 working days on February 14 after the event.”

There are still 3 weeks left to make use of this offer with the exact time scale that is available from being 16:00 January 17 – 15:59 February 14 (UTC). As such, you have plenty of time remaining by which to make use of interest-free borrowing of BCH ahead of the halving. You should ensure you don’t miss out on this as you may end up kicking yourself if the BCH price does increase after the halving. 

KDA Listing Comes With 200,000 CET Giveaway

In the latest in a long line of recent listings, KDA will be added to CoinEx. In fact, depositing to the platform is now already live and ready for traders and this is precisely what the promotion involving KDA centres around. The way it works is that users who deposit KDA in the lead-up to full trade being enabled will be eligible for a share of the aforementioned 200,000 CET, the platform’s native token.

If you currently hold KDA then you need to deposit 1500 KDA tokens and in return, CoinEx will provide you with a reward of 100 CET. It is as simple as doing that and then just waiting two weeks for these tokens to arrive in your account. The maximum available per customer is 1000 CET and is respective of the amount you deposit.  Bear in mind, this is net deposit and so this means deposits – withdrawals. You have until 16:00 January 22, 2020 (UTC) if you want to enjoy this.

If you do not currently own KDA but are interesting in trading the tokens at CoinEx then you merely have to wait for that same day as full trading will go live at 3:00 on January 22, 2020. Following this, at 3:00 on February 14, 2020 (UTC), withdrawals will become available and the listing of the KDA will be complete. The trading pair available for KDA will be KDA/BTC.

Both these offers are up and running now so go to CoinEx now in order to ensure you do not miss out!

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