CoinEx launched their new market trading feature earlier this week which promises to “further advance the trading experience” on the service.
The new service was rolled out on Monday (24th June 2019) and offers 4 separate features that make it stand out as a great addition to their platform for users. These are a Forced Liquidation Adjustment Mechanism, which adjusts liquidation risk to as low as 105%, interest rates of just 0.05% for as long as 30 days, liquidation at index price, which will help to ensure users avoid liquidation upon dramatic market swings, and a 30% daily interest added to the a Margin Insurance Fund, which aims to prevent bankruptcy.
This is just to kick things off though, and there are other updates to the service already planned for next month. Most notably, between 5-8 new margin pairs to be added to the service in July.
It is worth noting though that CoinEx also noted a series of risks involved in margin trading that users should also be aware of before committing to the new trading option. This includes a warning that while margin trading can maximise profits for less investment, the reverse can also happen and losses can also be amplified.
As such, CoinEx emphasises the importance of users making sure they know how to use leverage and adjust positions properly, as well to know when to cut losses and take profits at a suitable time.
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