Cryptocurrency Exchange EQONEX Introduces Cross-Collateral Trading
- The company launched the recent feature to improve capital efficiency.
EQONEX, a Nasdaq-listed cryptocurrency exchange, announced today that the company has introduced the functionality of cross-collateral trading across its platform to facilitate traders.
According to an official press release shared by EQONEX, the new feature will improve the overall capital efficiency as traders will be able to manage their collateral in an effective manner. Earlier this year, the cryptocurrency exchange launched BTC Perpetual Futures and Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term Perpetual Futures to meet the growing demand from crypto traders.
“Cross Collateral gives all customers the opportunity to use multiple assets instead of only USD or USDC to fund their Total Account Margin. This removes the requirement to convert assets into USD or USDC before opening a margined position. In addition, Cross Collateral now allows traders to generate negative USD or USDC balances to handle trading fees, basis Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term and P&L without liquidating any open Cross Collateral positions,” EQONEX mentioned in the announcement.
Global cryptocurrency trading volumes have increased rapidly in the last 8 months as the overall users jumped above 200 million. Leading crypto exchanges have started introducing innovative trading features to facilitate clients.
Cryptocurrency Adoption
In the latest announcement, Neil Sheppard, Chief Product Officer at EQONEX, highlighted that the main focus of the latest launch of cross-collateral trading is to support the institutional adoption of digital assets. "As we continue to improve and upgrade EQONEX, our main objective is to facilitate the wider institutional and professional trader adoption of crypto assets. Our roadmap to becoming the premier trading venue of choice for traders sees the introduction of both additional assets that can be used as Cross Collateral as well as a wider range of derivative products and trading features that will benefit from such functionality," Sheppard said.
Last month, FTX, one of the leading cryptocurrency exchanges, reported a significant jump in volumes during the first half of 2021. The company’s average daily volume touched the peak of $993 million during a 24-hour period on 22 April 2021.
EQONEX, a Nasdaq-listed cryptocurrency exchange, announced today that the company has introduced the functionality of cross-collateral trading across its platform to facilitate traders.
According to an official press release shared by EQONEX, the new feature will improve the overall capital efficiency as traders will be able to manage their collateral in an effective manner. Earlier this year, the cryptocurrency exchange launched BTC Perpetual Futures and Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term Perpetual Futures to meet the growing demand from crypto traders.
“Cross Collateral gives all customers the opportunity to use multiple assets instead of only USD or USDC to fund their Total Account Margin. This removes the requirement to convert assets into USD or USDC before opening a margined position. In addition, Cross Collateral now allows traders to generate negative USD or USDC balances to handle trading fees, basis Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term and P&L without liquidating any open Cross Collateral positions,” EQONEX mentioned in the announcement.
Global cryptocurrency trading volumes have increased rapidly in the last 8 months as the overall users jumped above 200 million. Leading crypto exchanges have started introducing innovative trading features to facilitate clients.
Cryptocurrency Adoption
In the latest announcement, Neil Sheppard, Chief Product Officer at EQONEX, highlighted that the main focus of the latest launch of cross-collateral trading is to support the institutional adoption of digital assets. "As we continue to improve and upgrade EQONEX, our main objective is to facilitate the wider institutional and professional trader adoption of crypto assets. Our roadmap to becoming the premier trading venue of choice for traders sees the introduction of both additional assets that can be used as Cross Collateral as well as a wider range of derivative products and trading features that will benefit from such functionality," Sheppard said.
Last month, FTX, one of the leading cryptocurrency exchanges, reported a significant jump in volumes during the first half of 2021. The company’s average daily volume touched the peak of $993 million during a 24-hour period on 22 April 2021.