KuCoin Margin Trading Has Gone Live

KuCoin Margin Trading Has Gone Live

KuCoin’s margin trading service is officially up and running on their platform giving users the chance to now leverage positions using funds provided by other users on the platform.

As we reported on Wednesday, the platform had announced it would go live after a period of scheduled downtime on Thursday afternoon. The service is now up and running and ready for users to start margin trading at KuCoin.

How Will It Work?

As opposed to some platform’s though, KuCoin is not going to be one providing uses the funds by which to margin trade with instead, these funds will come from other KuCoin users. They have outlined the following supported coins and trading pairs that are available for you margin with their platform:

BTC BTC/USDT
ETH ETH/BTC ETH/USDT
LTC LTC/BTC LTC/USDT LTC/ETH
EOS EOS/BTC EOS/USDT EOS/ETH
XRP XRP/BTC XRP/USDT XRP/ETH

Currently, the current maximum leverage available is 10xmade available. Users also have the option to get a 20% discount when using the platform’s native, KCS token when they are paying the margin trading fees.

The system works in the same way as that which you may have experienced both at other crypto platforms or even elsewhere in other modes of investment which you might partake in. The concept is simple when you go to make a margin trade you only put forward a percentage of the funds required to reach the total value. The rest of which will be provided, via the exchange from their other users. With the purposing being to allow you to invest more than you might currently have in your account, and giving you a wider range of capital.

The Risk

These larger sums of capital acquired to margin trade with will then gain interest that must be paid back, which be reflective of the market demand for the funds in question. This method can be used to both long and short positions. The benefits are clear. Namely, you can use these extra funds to increase profit. of course, it also means that if the milk turns sour, you will be looking at bigger losses though as not only will your percentage of the investment, but also will need to pay the interest accumulated also.

These dangers can from come from market risks, price fluctuations, and other factors, as such, Kucoin“strongly recommended to be prudent about your investment actions, adopt an appropriate leverage level for margin trading, and properly stop your losses in a timely manner.” And stated that they, assume no responsibility for any losses arising from the trade.”

With this considered, with this more than other types of trading, caution is advised. However, there is a lot of profit on offer so as long you manage these investments wisely the system has large benefits for you too.

This is why it is a growing practice in the world of cryptocurrency investment, such professional sites such as BitMex have long had the option on their books, while other more mainstream exchanges like CoinEx and Binance have recently stepped into this realm of investment too.

Head over to KuCoin now to start margin trading with them!

Recently Similar News

cex-promotion etoro-promotion

Latest Guides

Latest News

Audit,Binance,Exchange Platforms,Security

Binance Reveal The Results of Two Security Audits

Binance have recently had their security measures tested by two third party firms. Now, these results have been released by the platform to their user. It has been a testing 2019 for Binance security-wise. Back in May, they suffered one of the largest ever recorded hacks whereby $41 million in bitcoin was stolen from the […]

8 December, 2019
Exmo,Tether,Tron,Updates

EXMO Now Supports the TRC20 Standard For USDT.

EXMO have expanded their deposit and withdrawal options for one of the leading stablecoins, Tether by now offering support for the TRC20 standard of USDT. Support for USDT was already offered via Ethereum (ERC20), which as a result, allowed the platform to lower withdrawal fees by 10x. However, this new move will help them expand […]

7 December, 2019
BitPanda,Launch,Mobile,Updates

BitPanda Launch IOS App

Apple product owners will be able to enjoy a better on the go experience at BitPanda thanks to the launch of their new IOS app. While their Android app has been up and running for some time now, the option for iPhone users is all new and will be a welcome addition to their service. […]

7 December, 2019
Binance,Changelly,Listings,Stablecoin

Changelly Extend Stablecoin Repertoire to Include BUSD

Changelly have added Binance’s BUSD to their exchange platform’s listings. BUSD was launched by Binance back in September in partnership with the American firm, Paxos, with the stablecoin being backed 1:1 with the USD. Now that it has been listed on Changelly, it is now possible for traders who are members of the platform to […]

6 December, 2019
Kraken,Maintenance,Security,Updates

Kraken Warn of Downtime Tomorrow Afternoon

Users of Kraken have been informed that for tomorrow there may be an interruption in traders service in order to complete an upgrade to the platform. As a result of this upgrade, at 16:00 UTC for approximately 1 hour the system will be out of action. However, this should be a minor convenience during which […]

6 December, 2019
Exchange Platforms,Exmo,Giveaway,Promotion

EXMO And Roobee Team Up For New Buy and Hold Comp

EXMO and blockchain-based investment platform, Roobee have teamed up for a new contest where a number of Apple products and tokens are up for grabs. Back in October, EXMO listed the IEO of the Roobee native token, ROOBEE before promising that there would be further operations together between the two firms. Staying true to this, […]

5 December, 2019
Acquisitions,Binance,DApps,Exchange Platforms

Binance Complete Acquisition of DAppReview

Binance has completed an acquisition of DappReview, an information and analytics platform for blockchain-based decentralised applications. DApp review is essentially what the name implies it is. With the platform’s purpose in mind to provide user insights and dapp information, with the platform currently providing this for over 3,900 dapps. Of course, while Binance have shown […]

4 December, 2019
BaseFEX,Bitcoin,Perpetual Contracts,Smart Contracts

Basefex Announce BTCUSDT Contract Size Change

Basefex have announced to their clients that the size of BTCUSDT contracts has been altered, changing from 0.01 BTC to 0.001 BTC. The change to these contracts is all set to go with the platform revealing that the development stage of the process has been completed, with them stating that a full rollout will be […]

4 December, 2019