- Margin Trading allows users to trade up to 10x leverage on the go.
Its been a few exciting months for Crypto.com users as the company has been making giant strides in many areas. From partnership deals to products launch and more, there has been a lot of development to keep the community excited. The latest update from the exchange is the launch of Margin Trading on the Crypto.com Exchange App. Just like the Exchange’s web Version of Margin Trading, the App version features all the functionalities available on the web version.
Thanks to this incredible feature which is now available on the Crypto.com Exchange App, users can now seamlessly execute Margin Trading on the go. And the cool part is that they get up to 10x leverage for over 100 supported pairs, including big boys like SOL, XLM, and LINK.
Crypto.com Margin Trade And What It Entails
Crypto.com Margin Trading is an exciting feature uniquely designed to help users amplify their trading profits by leveraging borrowed funds. The cool thing about this feature is that users can profit from both up and down market movements. And just so you know, the exchange’s native token Crypto.com Coin, CRO powers Margin Trading on the platform as it provides additional utility. And good enough, users get to enjoy preferential rates as low as 0.008% per day. Keep in mind that this benefit is only available to users who stake CRO.
Also, we would like to add that Margin Trading leverage on Crypto.com is set on an account level. While the maximum leverage for the respective Sub-account can be different from the Master account, it cannot exceed it. And be sure to remember that different borrowing rates apply for each leverage amount.
While Margin Trading has only been launched on the Crypto.com Exchange App now, other exchanges like Binance and Kucoin already had this feature available on their apps for quite some time. That said, it feels good to see the exchange bring this feature to its users who have been asking for it for many months.