BiKi.com Launches 3X Interest-Free Leverage Trading
As an emerging front-line exchange, BiKi has always held itself to the standards of top exchanges. To date, its new products and innovations have been successfully launched. BiKi's spot leveraged trading, which began its beta release on December 18th, currently offers the leverage of BTC/USDT, ETH/USDT, TRV/USDT pairs with more trading pairs to be announced in later stages.
In simple terms, leverage trading is borrowing money to increase the size of a trade, which increases potential profits but also potential losses. It has the same attributes as futures contracts, but is considered "safer" because the leverage trading price is synchronized with the spot price, which can prevent the phenomenon of pin risk in futures.
Also known as margin trading, leverage trading can be a powerful tool to grow a portfolio, especially during a bear market. While margin trading is inherently riskier, it opens up the possibility to much larger profits.The key is to develop a risk management strategy that works to cut losses short while letting profits grow.
Aware of the market volatility in cryptocurrency trading where forced liquidation is common, BiKi uses a position-by-
To give an illustration, using BiKi's leveraged trading, one opens a long position on BTC and ETH at the same time, trading with 3x leverage. Let us say BTC went up, and ETH fell by 30%. In full-position mode, all leveraged positions share margins, so the profit of the BTC position will be consumed by the loss of the ETH position. Under the position-by-
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Chang Jie Lin, BiKi.com
Cecilia Wong, yourPRstrategist.com