Cryptocurrency exchange OKEx introduced that EOS (EOS) token margin trading will certainly be readily available soon. OKEx discussed that the relocation was taken to satisfy the public need and also increase the liquidity of EOS.
Inning accordance with the statement, the margin trading sets EOS/USDT and EOS/BTC will certainly open from 12:00 September 6, 2018 (Hong Kong Time). Margin trading is the process that allows users to location orders with obtained funds. Nonetheless, it likewise causes the danger of forced liquidations as well as a margin call.
For that reason, the announcement came with a threat warning, reminding all that the cryptocurrencies are inherently unstable: “Trading electronic properties involves considerable threat and could lead to the loss of your invested capital. You need to guarantee that you completely recognize the danger involved as well as take into account your degree of experience, financial investment purposes and also look for independent financial advice if necessary.”
It is to be noted that OKEx has displaced Binance to become one of the most active markets for EOS and is active on major crypto exchanges like Huobi as well as Binance. Nonetheless, the digital possession is taking another cost slump– currently, the BTC rate is below $7,000 level as well as EOS sank also. It collapsed by greater than 20% in the last 24 hours. It is presently trading at $5.05. Nonetheless, the EOS collision is not distinct, given that the market is itself bearish as well as other altcoins likewise shed around 10-12% of their worth.
In various other news, Journal, which provides security and also facilities options for cryptocurrencies, said on Tuesday that it would currently sustain EOS on its equipment wallet Journal Nano S along with six other electronic assets. According to Journal’s web site, EOS accounts could not be contributed to Ledger Live. Rather, one could set up the application from the catalogue in Journal Live onto the equipment budget to manage the digital asset with the Fairy-wallet.
Krishna Teja Reddy is a crypto enthusiast and a market analyst. He is specializes in market analysis and strives to provide accurate crypto market statistics to the crypto community and cryptocurrency investors. He focuses on delivering quality news stories to him readers and aspires to be a successful business journalist.