KuCoin announced that margin trading will be available on the platform on October 31.
KuCoin will release an all-new service on October 31, 2019 (UTC + 8): Margin Trading.
Users will be able to enjoy a 20% discount in KCS when using it to pay the transaction fees generated in margin trading.
Read more about this news on: https://t.co/gnlJf2T3Lr pic.twitter.com/zTYY6oc355
– KuCoin Updates (@KuCoinUpdates) October 25, 2019
According to representatives of the trading platform, users will be able to borrow crypto assets in order to “expand their capabilities in operations” and, in particular, open short positions.
“Compared to regular trading, margin trading can provide higher returns ,” KuCoin said. “ However, such trading involves increased risks.”
Holders of native KCS tokens will be able to reduce trading commissions by 20%.
Recall that in July KuCoin launched the KuMEX platform for trading cryptocurrency derivatives, and recently the exchange announced monthly Bitcoin futures contracts.
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