We're pleased to announce the increase in maximum leverage on margin trading for several cryptocurrency pairs on our platform, designed to enhance the trading experience of our users.
From 21/02/20 7:30 AM (UTC), 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) can now be traded with a higher maximum leverage of 5x.
This follows the recent increase in the maximum leverage for margin trading on Ethereum pairs (ETH/USD), (ETH/BTC), EOS pair (EOS/USD) and Tezos pairs (XTZ/USD), (XTZ/BTC).
Margin trading enables traders to borrow funds to increase leverage, offering the potential for greater profits than in traditional trading. Still, the potential for greater rewards also comes with higher levels of risk, particularly given the volatility of digital assets.
If you wish to learn more about margin trading, please visit: https://support.bitfinex.com/hc/en-us/articles/115004555165-Intro-to-Margin-Trading