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Margin Trading

FTX Slashes Leverage Limit from 100x to 20x — Community Suspects Competitors Will Follow Example

26/07/2021 by Idelto Editor

FTX Slashes Leverage Limit from 100x to 20x — Community Suspects Competitors Will Follow Example

FTX CEO Sam Bankman-Fried told his Twitter followers on Sunday that his crypto exchange has lowered its margin trading limit from 101x to 20x. Prior to the change, FTX supported 50x, 100x, and 101x leverage but Bankman-Fried said these high leverage positions represent “a tiny fraction of volume.”

FTX CEO Announces Cutting Leverage Limits, 2x Leverage the Most Common

FTX customers will have to adjust to changes as the crypto-asset exchange has dropped its max leverage rate from 101x to 20x this weekend. Of course, the formerly supported 50x, 100x, and 101x positions are considered high leverage. Bankman-Fried told his 233,000 Twitter followers the news on Sunday when he stressed that “an effective margin system is integral to an efficient economic system” and added that “there are limits to everything, though.” Bankman-Fried added:

There’s been a bunch of discussion recently around high leverage (> 20x). Nearly every crypto derivatives exchange allows it, and nearly every one will say the same thing: It’s a tiny fraction of volume and positions.

Margin trading is often called leverage trading because it allows a trader to leverage their position and multiply it. A margin trader with 100x leverage can multiply either profit or loss by 100 times. High leverage trading has been considered risky and regulators from a few countries have limits on the amount of leverage an exchange can offer. With 100x leverage, even smaller than usual swings in price, can either give a trader nice profits or liquidate them in a matter of seconds. At FTX, Bankman-Fried says liquidations represent a very small part of the exchange’s action.

“For us, like liquidations, it’s way less than 1% of our volume and positions,” Bankman-Fried remarked. “It’s not a significant part of the exchange. It’s also not what chiefly contributes to volatility. Liquidations do, [on] some exchanges (although generally not so much FTX). But > 20x is small.” The FTX CEO further explained the average margin position held on the trading platform. Bankman-Fried stated:

The average leverage used on FTX is ~2x.

Crypto Proponents Respond to Exchange’s New Leverage Limit

A number of crypto proponents and industry veterans discussed the decision FTX made and some people claim a lot more exchanges will follow FTX’s lead. “FTX has decided to remove all leverage over 20x from their platform,” Morgan Creek Digital’s Anthony Pompliano tweeted. “The assumption would be [that] most other platforms will follow suit over time,” he added.

Galaxy Digital’s Mike Novogratz replied to Pompliano’s tweet and said: “20x on an 80 vol instrument is still insanity.” Investor and financial writer Lyn Alden also responded to Pompliano’s tweet and remarked: “It’s like a bar implementing a 10-drink maximum per customer after some bad weekends. Lower than before but still like… a lot of alcohol.”

[email protected] futures started limiting new users to max 20x leverage last Monday, Jul 19th, 7 days ago. (We didn’t want to make this a thingy).

In the interest of Consumer Protection, we will apply this to existing users progressively over the next few weeks.

Stay #SAFU. 🙏

— CZ 🔶 Binance (@cz_binance) July 26, 2021

The CTO of Bitfinex and Tether, Paolo Ardoino, decided to speak on the subject as well. “Finex could do 21%. Feels the right limit for bitcoin,” Ardoino tweeted. “Jokes aside, it makes sense to limit leverage. On a 100x position, a 0.5% market move liquidates you. Our upcoming x-margin [is] meant to reduce leverage to 25%. Glad to see FTX being [a] first mover.”

The head of product at Messari, Qiao Wang liked the idea that FTX was self-regulating. “Reducing leverage from 100x to 20x won’t materially impact system-wide leverage,” Wang wrote on Sunday. “But optics matter. I’d like to the world to see us not as a giant greedy casino but as an industry capable of self-regulating. Good 1st step by FTX and would love to see other exchanges follow suit.”

What do you think about FTX’s decision to lower leverage from 101x to 20x? Let us know what you think about this subject in the comments section below.

Filed Under: 100x, 101x, 20x, 50x, Anthony Pompliano, Binance, Bitcoin derivatives, CZ, derivatives, English, Exchanges, FTX, FTX CEO, FTX Exchange, Futures, leverage, Leverage Trading, lyn alden, margin, Margin Trading, Mike Novogratz, News Bitcoin, paolo ardoino, Qiao Wang, Sam Bankman-Fried

Bitcoin Price Drops Below $50,000, Over $1 Billion In Trades Liquidated

23/04/2021 by Idelto Editor

The recent drop in bitcoin’s price has contributed to margin liquidations exceeding $1 billion.

Over the last 24 hours, bitcoin’s price has dropped by approximately 9% as more than $1,000,000,000 of leveraged bitcoin long positions have been liquidated across various exchanges.

Liquidated long positions over the last 24 hours

The pullback over the last 24 hours is a continuation of a move that started on April 14th, after Bitcoin hit an all time high of $64,800. From peak to trough, the market has retraced as far as -26.97% since the April 14th all time high, a common occurrence in a bitcoin bull market.

Bitcoin’s dramatic reduction in price, shown in Tradingview

Various reasons have been put forward by market commentators as to the reason for the pullback, one of which was U.S. President Joe Biden’s proposal to increase the capital gains rate for individuals with high incomes.

Although this headline may have had an effect on the markets and helped to spur this deleveraging event, ultimately, attempting to pin market fluctuations and volatility on a particular event or development can be quite futile. Bitcoin is a volatile asset, and its volatility is the price one pays for its outlandish returns.

Bitcoin realized volatility: last 6 months

Although the recent drop in price may frighten new entrants, it once again highlights the need to remain focused on bitcoin’s long-term fundamentals, and dollar cost average into a position. The Bitcoin network remains the strongest and most robust monetary network in the world, and nothing has changed in that sense over the previous 9-day span.

Enjoy the sale while it lasts and stack your sats, or someone else will. 

Filed Under: Bitcoin Magazine, Bitcoin Price, English, Exchanges, Investing, Margin Trading, Markets, trading

Meet Exchase.io: All-in-One Fintech Service Provider Announces Token Sale

08/12/2020 by Idelto Editor

Meet Exchase.io: All-in-One Fintech Service Provider Announces Token Sale

PRESS RELEASE. Exchase (Exchase OÜ) announced that it plans to build an all-in-one fintech solution that will bring the most popular fintech services and technologies under one umbrella. The Estonian based fintech company has been operating a cryptocurrency exchange, but now seeks to bring on board margin trading, token listing, crypto games, money transfer, binary options, social trading, crypto loans, a crypto wallet, a P2P exchange, and OTC trading services. Specifically, the revolutionary platform will have all these services under a single ecosystem, using a single user account.

Moreover, the platform will in future introduce novel cryptocurrency services such as cryptocurrency hedge fund, custody and staking to make it a comprehensive arena where clients can get all their crypto services.

To achieve this goal, Exchase:

  • Launched its cryptocurrency exchange in November.
  • In January 2021, the company will obtain its cryptocurrency license, open its bank accounts, and link them to liquidity providers.
  • In March and April, the company will deploy Android version to Google and iOS to App store, respectively to facilitate native mobile apps.
  • The platform will then incorporate margin trading in April, binary options in May, crypto loans in June, social trading in July, and a crypto wallet in August.

Token Sale Information:

Exchase will release its ERC-20 token, the Exchase (EXSE), with a total supply of 200 000 000 EXSE. It will sell 1 000 000 EXSE for 0.0004 ETH, with a minimum contribution of 0.02 ETH. The acceptable currency will be ETH through the Ethereum smart contract. Presale of the token will commence on 15.12.2020 12.00 UTC and end on 25.12.2020 12.00 UTC.

Exchase is an Estonian trading platform that brings social trading, exchange services binary options, crypto exchange, and payment service under one ecosystem. Currently, it has launched its crypto exchange and plans to launch the remaining services in 2021. For more details about the platform, token sale and white paper click the links below:

 

MVP web: https://exchase.io

Tokensale web: https://token.exchase.top

White Paper: https://exchase.top/en/Exchase_WhitePaper_EN.pdf

Join Telegram community: https://t.me/ExchaseEnglish

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post Meet Exchase.io: All-in-One Fintech Service Provider Announces Token Sale appeared first on Bitcoin News.

Filed Under: binary options, Bitcoin, crypto games, crypto loans, crypto wallet, cryptocurrency, English, Exchase.io, Margin Trading, money transfer, News Bitcoin, OTC, P2P Exchange, Press release, social trading, token listing, token sale

Increase Your Potential Profit With the Margin 2X Feature on Remitano Invest

02/12/2020 by Idelto Editor

PRESS RELEASE. With the steady rise of Bitcoin price in recent days, this is arguably one of the best periods for Bitcoin trading and other cryptocurrencies. However, not all willing investors have enough capital to invest in the crypto market and although sometimes it is good to start small, investors who start with small capital tend to make negligible profits.

As a result, Remitano, the leading peer-to-peer cryptocurrency exchange has launched its margin trading product with 2X leverage on its Invest platform. This new feature enables both small and big investors alike to double their potential profit.

What is Crypto Margin Trading?

Margin trading is an investment feature that allows investors to invest with a capital larger than their account balance. It‘s simply borrowing more money from a P2P exchange to invest in cryptocurrency. When making use of the margin feature, the exchange will loan investors “N times” the amount available for investment. Accordingly, investors will have to pay a one-time interest on the loan.

Why only Margin 2X on Remitano?

To attract investors, lots of exchanges offer many “attractive” margin levels such as 10X, 50X, or even 100X the initial investment. This obviously comes with high-interest rates and risks in the event of a loss. Some exchanges use Margin as a trap for inexperienced crypto traders.

However, in line with its mission of making people financially happy and also to protect investors from high risks and interests, Remitano offers only Margin 2X. Remitano’s 2x Margin has the lowest interest of about 9% per year, equivalent to 0.001027% per hour.

Remitano has also implemented its Remitano invest platform with a ‘Take-Profit and Stop-loss’ feature to help investors close trades at their preferred time without having to stay glued to their device screens.

Read more about the Remitano Margin 2X and Take profit – Stop loss feature.

Remitano’s Margin 2X promises to give investors the option to double their trading capital to increase their potential profit.

From now on, trading capital will no longer be a barrier for investors. Along with the automatic take profit-stop loss feature, investors can now trade confidently without having to stay glued to their screens. In addition to the inherent advantages of Invest since its launch, it is obvious that the latest version of the Remitano Invest platform will be a smart choice for both new and veteran investors.

Increase your potential profit, Invest in cryptocurrency on Remitano now!

 

About Remitano

Remitano is a product of Babylons Solutions Limited based in Seychelles. Remitano’s purpose is to offer a robust, quality trading experience to all users as a fast-moving marketplace. With necessary safety standards in place, buyers and sellers can come together, store, trade, and withdraw assets, thus avoiding issues common to other crypto exchanges.

Launched in 2014, Remitano is a global cryptocurrency exchange serving international markets, such as Malaysia, China, Nigeria, Vietnam, Australia, Cambodia, and Indonesia.

 

Got Questions?

Reach out to Remitano via:

  • Email: [email protected], [email protected]

● Socials: Facebook, Twitter, Reddit, and LinkedIn.

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post Increase Your Potential Profit With the Margin 2X Feature on Remitano Invest appeared first on Bitcoin News.

Filed Under: Bitcoin, cryptocurrency, English, Margin Trading, News Bitcoin, Press release, remitano

WhiteBIT Exchange Offers Margin Trading and Up to 30% APR on Smart Staking

10/11/2020 by Idelto Editor

WhiteBIT Exchange Offers Margin Trading and Up to 30% APR on Smart Staking

Are you looking for a platform with advanced crypto trading capabilities, top-notch security and high liquidity? WhiteBIT exchange offers a margin trading terminal, smart staking and many other features and advantages. As part of its user-centric approach, WhiteBIT also supports withdrawing up to 2 bitcoin per day without KYC.

Leverage Your Crypto on the WhiteBIT Exchange

WhiteBIT is an Estonian-registered virtual currency exchange which was launched back in 2018. While the platform mainly focuses on European and CIS countries, it has a global user base of more than 300,000 traders in over 190 countries around the world. Enabling the company to support this large user base and develop new innovative tools, the WhiteBIT team has over 100 employees including about 65 experienced blockchain developers.

One of the most impressive innovative tools developed by the WhiteBIT team is the exchange’s margin trading terminal. Very popular for years among currency and stock traders, margin trading empowers traders to potentially earn much more than they can by just buying an asset that rises in value. In the crypto exchange market, however, few platforms can offer users the ability to leverage their assets with margin trading and just a handful of exchanges can actually offer an advanced margin terminal like WhiteBIT.

WhiteBIT Exchange Offers Margin Trading and Up to 30% APR on Smart Staking

The WhiteBIT margin terminal was launched with 5X leverage, meaning traders can earn up to five times more what they can with the same investment on a non margin trading platform, and it will enable up to 25X leverage. It supports advanced order types such as limit order, stop limit, stop market, and conditional orders.

Smart Staking, Referrals and Other Advantages

WhiteBIT offers a variety of other advantages to users beyond its advanced trading capabilities. One of the most powerful features of the platform is smart staking, which allows you to earn interest on the assets you hold in exchange to providing the liquidity needed for margin trading. For example, with a WhiteBIT 360-day SMART Staking plan for USDT you can make a whopping 30% APR (annual percentage rate). This is an amazing offer of 30% yearly interest rate on tether, but the platform offers many more plans for other time scales, starting at just 10 days, and other assets such as BTC and DASH.

WhiteBIT Exchange Offers Margin Trading and Up to 30% APR on Smart Staking

For users looking for additional ways to earn crypto beyond trading, WhiteBIT also offers a referral program that allows you to receive 40% of the trading fees paid by the people you have referred to the exchange. Other advantages of the platform include very low fees, instant withdrawals, 24/7 customer support, an API for programmers and a variety of fiat gateways such as Advcash, Perfect Money, Qiwi, Yandex, Visa & Mastercard.

Another notable advantage of WhiteBIT is that it offers users access to the crypto market without KYC – you can trade, make limitless deposits, and withdraw up to 2 bitcoin a day without the need to submit any personal documents and wait for approval as you would on other platforms. At the same time the exchange puts a focus on developing top-notch security capabilities, such as safeguarding the majority of funds in cold storage, using anti-phishing software and enabling two-factor authentication for all users.

To learn more about all of the advantages of trading with WhiteBIT go to the exchange’s website and sign up right now.


This is a sponsored post. Learn more on how to reach our audience here. Read disclaimer below.

The post WhiteBIT Exchange Offers Margin Trading and Up to 30% APR on Smart Staking appeared first on Bitcoin News.

Filed Under: CIS, English, Margin Trading, News Bitcoin, No KYC/AML, smart staking, Sponsored, WhiteBIT

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