Cryptology Launches Margin Trading & P2P Lending Services
- Users can trade with up to 10:1 leverage in BTC/EUR or ETH/EUR currency pairs
Cryptology, a Singapore-based cryptocurrency exchange, announced on Wednesday that it has launched cryptocurrency margin trading for its users.
“The Cryptology community has been clear in its desire for margin trading opportunities, which are not commonly offered in the crypto arena,” said Herbert Sim, Chief Marketing Officer at Cryptology. “We’re responding to that desire by offering our own functionality for experienced and institutional traders.”
A statement released by the company indicates that users can, for the moment, trade with Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term in two currency pairs - BTC/EUR and ETH/EUR.
For the moment, those are the only two crypto/fiat currency pairs that the exchange is allowing leveraged trading in. The company did state, however, that it will announce more crypto/fiat currency pairs for leveraged trading in the near future.
Traders will be limited to trading with leverage of 5:1 or 10:1. Whether those caps are determined by the user or the company and, if it is the latter, what thresholds have to be met to set leverage at one level and not the other, is unclear.
Cryptology P2P lending
Cryptology clients, who might be more risk-averse, can also lend their own cryptocurrency holdings to other traders that want to engage in margin trading and earn interest on those loans.
The exchange says that it developed the service offering after it had received repeated requests for more margin-trading and peer-to-peer lending (P2P) services.
By offering the service, Cryptology is continuing an industry-wide trend in the cryptocurrency market whereby exchanges act as both broker and exchange. Whether or not that is a positive for traders remains to be seen.
Wednesday’s announcement also comes amidst a turbulent period for the cryptocurrency market. In the past week, Bitcoin has lost almost two-thirds of its value, with the price of one Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term falling from $6270 to $4380.
Cryptology, a Singapore-based cryptocurrency exchange, announced on Wednesday that it has launched cryptocurrency margin trading for its users.
“The Cryptology community has been clear in its desire for margin trading opportunities, which are not commonly offered in the crypto arena,” said Herbert Sim, Chief Marketing Officer at Cryptology. “We’re responding to that desire by offering our own functionality for experienced and institutional traders.”
A statement released by the company indicates that users can, for the moment, trade with Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term in two currency pairs - BTC/EUR and ETH/EUR.
For the moment, those are the only two crypto/fiat currency pairs that the exchange is allowing leveraged trading in. The company did state, however, that it will announce more crypto/fiat currency pairs for leveraged trading in the near future.
Traders will be limited to trading with leverage of 5:1 or 10:1. Whether those caps are determined by the user or the company and, if it is the latter, what thresholds have to be met to set leverage at one level and not the other, is unclear.
Cryptology P2P lending
Cryptology clients, who might be more risk-averse, can also lend their own cryptocurrency holdings to other traders that want to engage in margin trading and earn interest on those loans.
The exchange says that it developed the service offering after it had received repeated requests for more margin-trading and peer-to-peer lending (P2P) services.
By offering the service, Cryptology is continuing an industry-wide trend in the cryptocurrency market whereby exchanges act as both broker and exchange. Whether or not that is a positive for traders remains to be seen.
Wednesday’s announcement also comes amidst a turbulent period for the cryptocurrency market. In the past week, Bitcoin has lost almost two-thirds of its value, with the price of one Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term falling from $6270 to $4380.