Cryptocurrency exchange OKEx revealed that EOS (EOS) token margin trading will certainly be offered quickly. OKEx mentioned that the step was taken to fulfill the general public demand and increase the liquidity of EOS.
Inning accordance with the announcement, the margin trading sets EOS/USDT and EOS/BTC will certainly open from 12:00 September 6, 2018 (Hong Kong Time). Margin trading is the procedure that allows customers to place orders with obtained funds. Nevertheless, it likewise triggers the threat of forced liquidations and a margin call.
Consequently, the statement had a threat warning, advising all that the cryptocurrencies are naturally unpredictable: “Trading electronic properties entails substantial threat and also could result in the loss of your invested resources. You need to guarantee that you completely recognize the risk entailed and also consider your level of experience, investment goals as well as seek independent monetary advice if essential.”
It is to be noted that OKEx has displaced Binance to become among the most active markets for EOS as well as is active on major crypto exchanges like Huobi as well as Binance. Nonetheless, the electronic asset is taking an additional price slump– presently, the BTC cost is below $7,000 degree and also EOS sank as well. It crashed by more than 20% in the last 1 Day. It is currently trading at $5.05. Nonetheless, the EOS collision is not special, considering that the market is itself bearish as well as various other altcoins likewise lost around 10-12% of their value.
In various other information, Ledger, which provides security and also infrastructure solutions for cryptocurrencies, stated on Tuesday that it would currently sustain EOS on its equipment pocketbook Ledger Nano S along with 6 other digital properties. Inning accordance with Journal’s site, EOS accounts could not be included in Ledger Live. Instead, one could mount the application from the catalogue in Ledger Live into the hardware pocketbook to manage the electronic property with the Fairy-wallet.
A mechanical engineer turned journalist, Shekar takes a keen interest in the study and analysis of cryptocurrencies and blockchain strategy. With the cryptocurrency world blooming in the recent days, he finds great interest in monitoring their growth and gathering every possible piece of information about them. He works as a crypto-journalist for the website Peopleperbitcoin.