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Bitfinex Adds Increase Position and Bitfinex Borrow Features to Paper Trading

BITFINEX

Related type: Others

2021-02-18 18:46

We’re pleased to announce the launch of Increase Position and Bitfinex Borrow features for paper trading, enabling our users to explore and better understand these features in a simulated market environment without the use of real funds. Users can now choose the Increase Position feature to create or increase a margin position, adding exposure without the need for additional trading, in their paper trading sub-accounts. Increase Position allows users to maintain their exposure to a digital token such as bitcoin, while adding liquidity to their portfolio which could then be used for additional trading strategies. For further information on Increase Position, please visit our knowledge base article. Users who access Bitfinex Borrow with their paper trading sub-account can now obtain loans of up to 70% of the value of their TESTUSD holdings in TESTBTC, and vice versa. For more information on using Bitfinex Borrow, please visit our knowledge base article. Paper Trading is a feature available on sub-accounts. To enable a paper trading account, users should take the following steps: log in to your account, navigate to the Sub-Account section, create a new sub-account that you wish to set up for paper trading. For additional information on the paper trading feature, please visit our knowledge base: Paper Trading - test, learn and simulate trading strategies. We invite you to share your feedback on the paper trading feature with us here. Important Notes Nothing in this post is financial, investment or other advice. Nothing in this post is an offer to borrow or lend or the solicitation, recommendation or endorsement of any course of borrowing or lending. Any references in this post to returns are only hypothetical and not guaranteed. The rates, payment amounts and collateral price reflected represent an estimate, based on current market conditions, of the interest rates and amounts payable based on the loan amount, collateral and duration selected. These values are hypothetical and not guaranteed to be the same as, or reflective of the actual interest rate, payment obligations or collateral price applicable to a loan a user decides to take. This information is provided for information purposes only.