COBINHOOD Exchange Starts Margin Trading Service On The Platform

Announcements, FinTech, Innovation | October 21, 2018 By:

The COBINHOOD cryptocurrency service platform has initiated margin trading on its platform.

The new features:

  • Margin Trading ,which allows users to trade with 3x leverage for BTC/USDT, ETH/USDT, ETH/BTC, and COB/ETH.
  • Short Selling, whichallows traders to increase financing flexibility and enjoy potentially higher returns on investment, also offering 3x leverage for BTC/USDT, ETH/USDT, ETH/BTC, and COB/ETH.
  • Margin Funding, which provides cryptocurrency funds to margin traders in return for interests earned on funding amounts provisioned, currently offered with four cryptocurrencies including COB, BTC, ETH, USDT.

“We are excited to officially roll out our Margin Trading feature, as we continue to improve and expand the COBINHOOD platform,” said Wei-Ning Huang, co-founder and CTO of COBINHOOD.

In addition, COBINHOOD is kicking off the launch with a Margin Trading Golden Mission, an exclusive benefit for COBINHOOD users available from October 19 to December 19. During this time, those who complete designated Margin Trading trades and Margin Funding bids will receive free COB and tickets for Candy Machine, COBINHOOD’s lottery program.

Users can get 150 COB and 25 candy machine tickets in total if they complete the entire Margin Trading Golden Mission.