New Leveraged Pairs Added to Margin Trading on the Crypto.com Exchange
If traced properly, Margin trading might even date back to at least a couple of centuries. However, the market crash during the 1920s and 30s has changed the outlook of margin trading gradually to become how it is right now. Margin trading can be witnessed in all investment markets, including the most recent cryptocurrencies. Recently, the mammoth crypto exchange crypto.com has announced new pairs of margin trading to its already long list of currency pairs.
The investors can trade with borrowed money in margin trading to maximize the profit for a low entry. Margin trading expects a minimum deposit to be able to use the leverages during the investment. The investors have to fulfill certain requirements put forth by the platform to be able to access the funds. As far as cryptocurrencies are concerned, crypto.com brings one of the best infrastructures for margin trading. The leverage can increase up to 10x on crypto.com. Yet, the traders need to choose one from the pre-designed numbers like 3x, 5x, and 10x, with no options for customizations.
Not all accounts can access the 10x leverage as the accounts need to check through various requirements and conditions of the platform. Only a master account can access the highest leverage possible. The rates of borrowing Will differ for each leverage and depending on the amount borrowed. Moreover, the assets on crypto.com are available only in pairs of USDT, BTC, and USDC. The platform has recently announced the inclusion of 6 more currency pairs for margin trading. The additions are ELON/USDT, GRT/USDT, BICO/USDT, BAT/USDT, MATIC/BTC, and ONE/BTC. This addition to the already large list of leveraged pairs gives the traders the option to venture into the market for trading more profitable assets.
The native token of crypto.com- CRO- comes with many edges on the platform. The preferential offers and benefits for the native coin have the potential to increase your returns by a significant number. Particularly, the usage of CRO tokens for leverages can bring an interest rate as low as 0.008% for a day. This rate, in comparison with Kraken’s rollover fee of 0.02% (just for 4 hours), for instance, would be much more profitable for large trade deals. CRO is one of the fastest-growing crypto projects, and according to this crypto.com price prediction, the coin holds a potential of +300% growth by 2026.
However, this cannot be the case with currency pairs including coins other than the native CRO. And margin trading comes with as many risks as there are profits. Thus, it is advisable to seek expert opinion before trading with leverages.
