Cryptocurrency exchange OKEx announced that EOS (EOS) token margin trading will be readily available quickly. OKEx stated that the step was required to satisfy the general public demand as well as increase the liquidity of EOS.
Inning accordance with the news, the margin trading sets EOS/USDT and EOS/BTC will certainly open from 12:00 September 6, 2018 (Hong Kong Time). Margin trading is the process that allows customers to location orders with borrowed funds. However, it additionally causes the threat of forced liquidations and a margin call.
Therefore, the statement came with a danger warning, advising all that the cryptocurrencies are naturally unpredictable: “Trading electronic properties includes significant danger as well as can lead to the loss of your invested capital. You should guarantee that you completely understand the risk entailed and take into account your degree of experience, financial investment objectives and look for independent monetary guidance if essential.”
It is to be kept in mind that OKEx has actually displaced Binance to become among the most active markets for EOS as well as is active on significant crypto exchanges like Huobi and also Binance. However, the digital property is taking one more rate decline– currently, the BTC price is below $7,000 degree as well as EOS sank as well. It crashed by greater than 20% in the last 24-HOUR. It is presently trading at $5.05. Nonetheless, the EOS collision is not distinct, because the market is itself bearish and other altcoins also shed around 10-12% of their worth.
In various other information, Ledger, which provides security as well as facilities services for cryptocurrencies, claimed on Tuesday that it would currently sustain EOS on its hardware wallet Ledger Nano S together with 6 various other electronic properties. According to Ledger’s web site, EOS accounts can not be contributed to Journal Live. Rather, one could install the application from the catalogue in Ledger Live into the equipment budget to manage 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.