HitBTC, one of the world’s leading digital asset exchanges has now added margin trading to its Android and iOS apps, giving traders the option to leverage funds of up to 12x on selected trading pairs via mobile.
The new feature, which was introduced to the main HitBTC web platform in July 2020 has proven to be popular amongst its trading community, and its roll out on mobile will now let users make margin trades on the fly.
With the new margin trading feature, traders can open positions with smaller initial deposits through the use of additional funds that are provided by a margin lender and ensured by a certain percentage of the full order value. Traders can use these funds to multiply their capital gains by accessing up to 12x leverage to increase both their position size and their potential profit depending on the chosen pair.
Currently, margin trading is available for a selected amount of trading pairs allowing up to 12x on BTC/USDT and ETH/USDT, 10x leverage on EOS/USDT, TRX/USDT, LTC/USDT, ETC/USDT, ADA/USDT, XMR/USDT, EOS/BTC, TRX/BTC, LTC/BTC, ETC/BTC, ADA/BTC, XMR/BTC and up to 5x leverage on BSV/USDT, ZEC/USDT, DASH/USDT, XLM/USDT, NEO/USDT, VET/USDT, DOGE/USDT, BSV/BTC, ZEC/BTC, DASH/BTC, XLM/BTC, NEO/BTC, VET/BTC, DOGE/BTC.
Margin trading through the HitBTC mobile apps on Android and iOS works just like it does on the exchange’s main web platform. Margin traders will have the option to manage their position size within a valid buying power range, to ensure that in case of a partial closing of a position, the PNL (profit and loss) is calculated in proportion to the value of the position. Moreover, traders can manage liquidation risks by transferring funds in and out of their margin account via their mobile devices to make sure that enough funds are present in their margin accounts to keep their positions open.
Peter Swen from the HitBTC marketing team said,
“Our development team has been busy integrating this exciting new feature on our Android and iOS apps to give our traders access to margin trading on the fly and improve their overall trading experience on HitBTC. Margin trading on mobile works exactly the same as it does on our web platform and is fully functional with our API service. We are very proud to allow our users the opportunity to use this powerful new trading feature not only on desktop but now also on mobile.”
HitBTC is one of the oldest and fastest-growing crypto exchanges in the crypto industry that offers over 800 trading pairs. The platform was created in 2013 and provides exchange, custodial, and other related services. HitBTC provides a wide range of APIs such as REST, WebSocket and FIX API. The exchange’s UI was developed to meet the needs of the most demanding and sophisticated traders. Users can also take advantage of competitive trading fees via HitBTC’s Trading Fee Tier system.
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