Cryptocurrency exchange Bithumb Global announced the launch of margin trading with 5x leverage for Bitcoin and Ethereum paired withTether (USDT).
In an announcement published on April 2,representatives of the exchanger reported that the service will be available on the website and mobile application. However, this feature will not be available to users in countries where margin trading is prohibited.
Using margin trading, the usermay borrow funds to increase potential profits. However, this is a very risky trading strategy as the potential losses also increase.
In February, Coinbase Pro also addedMargin trading service with leverage up to 3x. And last year, the largest Binance exchange announced the official public launch of its Margin Trading service.
Based on materialscointelegraph.com
