Cryptocurrency exchange OKEx announced that EOS (EOS) token margin trading will certainly be available quickly. OKEx stated that the move was taken to meet the public need and also raise the liquidity of EOS.
According to the news, the margin trading sets EOS/USDT as well as EOS/BTC will open from 12:00 September 6, 2018 (Hong Kong Time). Margin trading is the procedure that enables customers to area orders with obtained funds. Nonetheless, it likewise creates the threat of forced liquidations as well as a margin telephone call.
Consequently, the news came with a danger caution, reminding all that the cryptocurrencies are naturally volatile: “Trading digital properties includes significant danger as well as could lead to the loss of your invested capital. You ought to guarantee that you totally understand the risk included and also take into consideration your level of experience, financial investment purposes as well as look for independent economic guidance if needed.”
It is to be noted that OKEx has displaced Binance to become among one of the most active markets for EOS and is energetic on significant crypto exchanges like Huobi and Binance. However, the digital property is taking an additional cost decline– currently, the BTC rate is listed below $7,000 level and EOS sank as well. It crashed by more than 20% in the last 24 Hr. It is presently trading at $5.05. However, the EOS collision is not distinct, since the market is itself bearish and also other altcoins likewise shed around 10-12% of their value.
In various other information, Ledger, which provides security and also framework services for cryptocurrencies, said on Tuesday that it would certainly now sustain EOS on its equipment purse Journal Nano S along with 6 various other digital properties. According to Journal’s web site, EOS accounts could not be contributed to Ledger Live. Rather, one could install the app from the catalogue in Journal Live onto the hardware purse to handle the digital asset with the Fairy-wallet.
Krishna Teja Reddy is a crypto enthusiast and a market analyst. He is specializes in market analysis and strives to provide accurate crypto market statistics to the crypto community and cryptocurrency investors. He focuses on delivering quality news stories to him readers and aspires to be a successful business journalist.