Cryptocurrency exchange OKEx introduced that EOS (EOS) token margin trading will be readily available quickly. OKEx mentioned that the relocation was taken to meet the general public need as well as boost the liquidity of EOS.
Inning accordance with the statement, the margin trading pairs EOS/USDT as well as EOS/BTC will open from 12:00 September 6, 2018 (Hong Kong Time). Margin trading is the process that enables individuals to area orders with obtained funds. However, it also creates the danger of forced liquidations and also a margin call.
Therefore, the announcement came with a danger warning, advising all that the cryptocurrencies are naturally unstable: “Trading digital properties involves significant danger as well as could cause the loss of your spent capital. You should make sure that you fully recognize the risk entailed as well as take into account your level of experience, investment purposes and seek independent financial advice if required.”
It is to be kept in mind that OKEx has displaced Binance to become one of one of the most active markets for EOS as well as is energetic on significant crypto exchanges like Huobi and also Binance. Nonetheless, the digital possession is taking an additional rate decline– currently, the BTC cost is listed below $7,000 degree as well as EOS sank too. It crashed by greater than 20% in the last 24 hours. It is currently trading at $5.05. Nonetheless, the EOS crash is not one-of-a-kind, given that the market is itself bearish and various other altcoins also shed around 10-12% of their value.
In various other news, Journal, which provides security and infrastructure remedies for cryptocurrencies, said on Tuesday that it would certainly currently support EOS on its equipment pocketbook Ledger Nano S together with six various other digital properties. Inning accordance with Ledger’s website, EOS accounts could not be contributed to Journal Live. Rather, one could install the app from the brochure in Journal Live into the hardware pocketbook to handle the digital asset with the Fairy-wallet.
Krishna Teja Reddy is a crypto enthusiast and a market analyst. He is specializes in market analysis and strives to provide accurate crypto market statistics to the crypto community and cryptocurrency investors. He focuses on delivering quality news stories to him readers and aspires to be a successful business journalist.