Cryptocurrency exchange OKEx introduced that EOS (EOS) token margin trading will be readily available quickly. OKEx mentioned that the step was taken to fulfill the general public demand and also enhance 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 procedure that allows individuals to location orders with borrowed funds. Nonetheless, it also triggers the risk of forced liquidations as well as a margin call.
For that reason, the news came with a threat caution, advising all that the cryptocurrencies are naturally volatile: “Trading digital properties involves significant danger as well as can lead to the loss of your invested resources. You need to ensure that you completely recognize the danger involved and also take into consideration your level of experience, financial investment objectives and also look for independent monetary recommendations if needed.”
It is to be noted that OKEx has displaced Binance to become among the most energetic markets for EOS and also is energetic on significant crypto exchanges like Huobi and Binance. Nevertheless, the digital possession is taking an additional cost downturn– presently, the BTC cost is listed below $7,000 level and EOS sank also. It crashed by more than 20% in the last 24-HOUR. It is presently trading at $5.05. Nevertheless, the EOS collision is not special, since the market is itself bearish and other altcoins additionally shed around 10-12% of their worth.
In various other information, Journal, which provides security and infrastructure solutions for cryptocurrencies, said on Tuesday that it would currently sustain EOS on its equipment budget Ledger Nano S along with 6 various other electronic possessions. Inning accordance with Journal’s site, EOS accounts could not be contributed to Journal Live. Rather, one could install the app from the brochure in Ledger Live into the hardware pocketbook to handle the digital property 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.