Bitfinex Introduces Margin Trading for AVAX and LUNA

[RSRS]

Bitfinex users can now use margin trading for Avalanche pairs (AVAX/USD or AVAX/USDt) and Terra pairs (LUNA/USD or LUNA/USDt). This new feature will become active from 2 pm UTC on August 5, 2021. The maximum leverage for these pairs will be 3.3 times. The initial margin will be 30%, and the maintenance margin will be 15%.

Margin trading is a more lucrative option for investors compared to traditional trading. This is because margin trading allows traders to borrow funds to increase their leverage. But, just like any trade in the open market, there are also many risks associated with margin trading. As the leverage on margin trading is higher, the risk factor also goes up. The world of cryptocurrencies and digital assets is quite volatile in general.

Bitfinex is an online cryptocurrency exchange established in 2012, based out of Hong Kong. Users can trade in popular altcoins as well as in digital tokens (BTC/USD) pairs. Bitfinex has one of the highest trade volumes among most international cryptocurrency exchanges.

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