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Bitfinex Increases Maximum Leverage for BTC/USD Pair to 10x

BITFINEX

Related type: Others

2021-02-18 02:20

We’re pleased to announce an increase in the maximum leverage for margin trading on the bitcoin, US Dollar trading pair to enhance the user experience of our growing customer base. The maximum leverage on the BTC/USD pair has been increased from 5x to 10x on 17/02/21 at 5:00 PM UTC. In addition, we’ve increased the maximum borrowing amount on Bitfinex Borrow from 80% to 90% for USD loans using BTC as collateral and BTC loans using USD as collateral. Margin trading enables traders to borrow funds to increase leverage, offering the potential for greater profits. Still, the potential for greater rewards also comes with higher levels of risk, particularly given the volatility of digital assets. If you wish to learn more about margin trading, please visit our knowledge base article. Eligible Bitfinex users can obtain financing for margin trading through the peer-to-peer (P2P) financing marketplace available through Bitfinex. Bitfinex Borrow is a peer-to-peer (P2P) digital token loan portal that allows users to borrow funds from other users by using their cryptocurrency or fiat assets as collateral. For more information on Bitfinex Borrow, please visit our knowledge base article.