Margin trading, a new feature available on the main HitBTC platform, has now been enhanced with increased borrowing limits.
Online PR News – 30-September-2020 – Región Metropolitana, Chile – Margin trading, a new feature available on the main HitBTC platform, has now been enhanced with increased borrowing limits.
Borrowing limits apply, regardless of whether a trader wants to go short or long. The recent increase by the exchange will allow users to borrow more funds than before on selected trading pairs and give even more opportunity for traders to maximise profits and incur more gains from margin trading.
HitBTC’s recent increases have almost doubled the equity of borrowing limits.
For a full list of the trading pairs available on HitBTC margin trading and to find out more details about borrowing limits click here.
By utilizing margin trading, one can open trading positions with smaller initial deposits through the use of additional funds that are provided by a margin lender and ensured by a certain percentage of the full order value. This lets users scale their trading options by allowing them to increase both their position size and their potential gains up to tenfold depending on the chosen pair.
When using the new margin trading feature at HitBTC, the position size can be managed within a valid buying power range, to make sure that in case of a partial closing of a position, the PNL (profit and loss) is calculated in proportion to the value of the position. Moreover, liquidation risks can be managed by users where they can transfer funds in and out of their margin account to make sure that their position stays open and their trades are maintained.
Margin trading on HitBTC is currently available across a number of popular trading pairs. The team behind the exchange are always watching the markets closely and will continue to add more pairs in the future.
HitBTC is one of the most advanced digital asset exchanges in the crypto industry that offers over 800 trading pairs. The platform was created in 2013 and provides exchange, custodial, and other related services. HitBTC offers a wide range of APIs such as REST, WebSocket and FIX API. The exchange’s UI was developed to meet the needs of the most demanding and sophisticated traders. Users can also take advantage of competitive trading fees via HitBTC’s Trading Fee Tier system.