Cryptocurrency exchange OKEx introduced that EOS (EOS) token margin trading will certainly be offered quickly. OKEx mentioned that the move was required to fulfill the public demand and raise the liquidity of EOS.
According to the announcement, the margin trading pairs EOS/USDT and also EOS/BTC will open from 12:00 September 6, 2018 (Hong Kong Time). Margin trading is the process that permits individuals to location orders with obtained funds. Nonetheless, it also causes the danger of forced liquidations and also a margin call.
Therefore, the announcement had a danger warning, advising all that the cryptocurrencies are naturally unstable: “Trading electronic properties entails substantial threat and also can cause the loss of your invested capital. You should guarantee that you fully recognize the threat entailed and also think about your level of experience, financial investment goals and also seek independent monetary suggestions if necessary.”
It is to be noted that OKEx has displaced Binance to become among one of the most energetic markets for EOS as well as is energetic on significant crypto exchanges like Huobi and Binance. Nevertheless, the electronic possession is taking another rate slump– currently, the BTC price is listed below $7,000 level and EOS sank also. It crashed by greater than 20% in the last 1 Day. It is presently trading at $5.05. Nevertheless, the EOS accident is not one-of-a-kind, given that the market is itself bearish and various other altcoins likewise shed around 10-12% of their worth.
In other news, Ledger, which provides security and facilities options for cryptocurrencies, claimed on Tuesday that it would certainly currently sustain EOS on its hardware purse Ledger Nano S along with 6 other electronic properties. According to Journal’s web site, EOS accounts could not be added to Journal Live. Instead, one can mount the app from the brochure in Journal Live into the hardware budget to manage the electronic asset with the Fairy-wallet.