Headquartered in Hong Kong, Bitfinex, the leading cryptocurrency exchange, has made an announcement regarding the increase in the limit of maximum leverage on margin trading for an array of cryptocurrency pairs on the globally reputed platform.
We have increased maximum leverage on margin trading for Bitcoin, Ethereum, Litecoin and XRP!
XRP/USD, XRP/BTC, BTC/EUR, BTC/USDt, ETH/USDt, and LTC/USD pairs can now be traded with a higher maximum leverage of 5x.https://t.co/LPrfcp6KNE
— Bitfinex (@bitfinex) February 21, 2020
According to the official report published by Bitfinex exchange, the customers will be able to enjoy trading in XRP to US dollar (XRP/USD), XRP to Bitcoin (XRP/BTC), Bitcoin to euro (BTC/EUR), Bitcoin to Tether (BTC/USDT), Ethereum to Tether (ETH/USDT), and Litecoin to US dollar (LTC/USD) with a higher maximum leverage of 5x. The new changes adopted by the world-class cryptocurrency exchange will become applicable from February 21, 2020, at 7:30 AM (UTC).
The latest upgradation of the exchange has been introduced to improve the trading experience of the wide customer base. Margin trading renders the investors with a golden opportunity to borrow funds for increasing the leverage bar while exposing them to offer the potential for huge profitable trading in comparison to traditional trading options.
Recently, Bitfinex announced the increase in the maximum leverage for margin trading on Ethereum, Tezos, and EOS based trading pairs, namely ETH/USD, ETH/BTC, EOS/USD, XTZ/USD, and XTZ/BTC. Bitfinex has broadcasted the news about the kickstart of deposition and withdrawal of Bitcoin on its network through the Lightning Network.