We're pleased to announce some exciting new updates to margin trading on Bitfinex.
Margin trading is available on Tezos pairs (XTZ/USD), (XTZ/BTC) and Stellar pairs (XLM/USD), (XLM/BTC) at 08/14/2019 2:00 PM (UTC). These pairs can be traded with an initial equity of 50% and maximum of 2x leverage.
In addition, our clients will now have more crypto options that can be held as collateral for margin trading, namely XTZ, XLM, Cosmos (ATOM) and Ampleforth (AMPL), with a haircut of 50%. For further information, visit the Bitfinex knowledge base: Intro to Margin Trading
Previously, only margin-tradable crypto could be held as collateral for margin trading. With our new risk management system, we can allocate different levels of risk for different tokens. The maximum leverage or initial margin requirements can be adjusted according to the token's associated risk. As such, we are now able to add new non-margin crypto, in this instance ATOM and AMPL, to our stable of collateral currencies. More will be added in the near future.