From 11:30am UTC Bitfinex opens margin trading for USDT/USD pair, improving our stablecoin offering in line with market evolution and consumer demand.
At Bitfinex we work tirelessly to ensure our platform reflects the needs of professional traders, offering market differentiating order types for unique trading strategies. Today, adding margin trading on USDT/USD pair will not only allow for more efficient price discovery, but in an important move for risk management, unlock the ability to hedge the exposure taken on stablecoins. Along with a dedicated lending market, USDT will be available as collateral for margin positions.
At present, stablecoin margin trading is necessarily limited to USDT/USD, but as part of our commitment to providing a coin agnostic platform there are plans to introduce margin trading for the other major stable coin pairings when sufficient liquidity is reached. Read more about our recent introduction of all major stablecoins to Bitfinex here
As always, our dedicated support team will be available 24/7 for any queries around this update.
The Bitfinex Team.