We're pleased to announce that Algorand pairs (ALG/USD), (ALG/USDt) will be added to the list of available pairs for margin trading.
From 03/03/20 at 9:00 AM UTC, these pairs can be traded with a maximum leverage of 2x, an initial equity of 50% and a maintenance margin of 25%.
This follows the recent launch of margin trading for Cosmos with US dollar (ATOM/USD).
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