EOS (EOS) to receive liquidity boost with OKEx margin trading

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September 6, 2018 by
EOS (EOS) to receive liquidity boost with OKEx margin trading

Cryptocurrency exchange OKEx revealed that EOS (EOS) token margin trading will be offered soon. OKEx mentioned that the step was taken to meet the public demand and also boost the liquidity of EOS.

Inning accordance with the news, the margin trading pairs EOS/USDT as well as EOS/BTC will open up from 12:00 September 6, 2018 (Hong Kong Time). Margin trading is the process that permits individuals to location orders with obtained funds. Nevertheless, it likewise triggers the risk of forced liquidations and a margin telephone call.

For that reason, the statement came with a danger caution, reminding all that the cryptocurrencies are naturally unstable: “Trading digital properties entails significant danger as well as can lead to the loss of your spent resources. You must ensure that you completely comprehend the danger entailed as well as think about your degree of experience, investment objectives and also look for independent monetary guidance if essential.”

It is to be kept in mind that OKEx has displaced Binance to become among the most energetic markets for EOS and is active on major crypto exchanges like Huobi as well as Binance. Nevertheless, the electronic possession is taking an additional cost recession– presently, the BTC cost is listed below $7,000 level and also EOS sank too. It collapsed by greater than 20% in the last 24 Hr. It is presently trading at $5.05. Nonetheless, the EOS crash is not distinct, since the market is itself bearish and other altcoins likewise shed around 10-12% of their value.

In other information, Ledger, which provides security and also infrastructure remedies for cryptocurrencies, stated on Tuesday that it would certainly currently support EOS on its hardware purse Ledger Nano S along with 6 other electronic assets. According to Ledger’s web site, EOS accounts can not be added to Journal Live. Instead, one could mount the app from the catalogue in Journal Live into the equipment budget to manage the digital property with the Fairy-wallet.

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