COBINHOOD, the zero-fee exchange, announced the launch of Margin Trading on its platform. Starting October 19, COBINHOOD users, from the novice to the experienced, are able to maximize their trading power and tap into unused funds for greater value.
The comprehensive features include:
- Margin Trading which allows users to trade more than they are currently able to, with 3x leverage for BTC/USDT, ETH/USDT, ETH/BTC, and COB/ETH.
- Short Selling allows traders to increase financing flexibility and enjoy potentially higher returns on investment, also offering 3x leverage for BTC/USDT, ETH/USDT, ETH/BTC, and COB/ETH.
- Margin Funding provides cryptocurrency funds to margin traders in return for interests earned on funding amounts provisioned, currently offered with four cryptocurrencies including COB, BTC, ETH, USDT.
“We are excited to officially roll out our Margin Trading feature, as we continue to improve and expand the COBINHOOD platform,” said Wei-Ning Huang, Co-founder and CTO of COBINHOOD. “Unlike other cryptocurrency exchanges, at COBINHOOD we are constantly innovating our features and services to support traders. We look forward to improving the COBINHOOD platform and offering innovative features that will keep the industry moving forward as it grows.”
COBINHOOD’s Margin Trading functions provide both novice and experienced traders the opportunity to develop their skillset on a safe and reliable platform. Through expert tutorials, COBINHOOD helps elevate traders to expert levels by increasing their knowledge about cryptocurrency and blockchain technology in a digestible, yet informative way.
In addition, COBINHOOD is kicking off the launch with a Margin Trading Golden Mission, an exclusive benefit for COBINHOOD users available from October 19 to December 19. During this time, those who complete designated Margin Trading trades and Margin Funding bids will receive free COB and tickets for Candy Machine, COBINHOOD’s lottery program. Users can get 150 COB and 25 candy machine tickets in total if they complete the entire Margin Trading Golden Mission.
For more information, please visit https://cobinhood.com.