Thank you for using CROSS exchange. Margin trading will begin on August 21st on the exchange platform (real trade environment).
Margin Trading involves cryptocurrency margin transactions where a certain amount of assets are deposited as collateral and several times the amount of cryptocurrency is borrowed from the exchange (while paying a small borrowing fee) making it possible to trade with funds larger than the user’s funds.
The user deposits money into their margin account and uses it as collateral to borrow real coins from CROSS exchange.
At CROSS exchange, we have been planning for customers to use margin trading on the "Demo Trading Platform," held Trade Battles, and improved improved proficiency of the platform. The next step is to release the βeta Version.
Although the βeta Version will run in the real trade environment, we have taken measures to reduce customer risk, such setting the max leverage at 2x and establishing a borrowing limit from the exchange. Especially for beginners with Margin Trading and after gaining familiarity with Demo Trading, we would like users to begin trading using small amounts first with low risk in the βeta Version and gradually increase their trade amount as they become more familiar with it.
Features of CROSS exchange Margin Trading
① Large amounts can be traded with a small amount of money → βeta Version starts 2x leverage
② You can start with a new “sell” → there is investment opportunity even in a downtrend, by hedging the spot price.
③ There are no confirmations → No additional funds will be charged
④ Trade fees are reduced with XEX → virtually free for XEX holders
⑤ Transactions can be made with the same trading board as margin transactions → increased platform liquidity
⑥ Coin borrowing / returns are automated → can concentrate and focus on trading
⑦ Coin borrowings are calculated hourly → reduces the cost burden of short-term traders (usually collected daily)
① Register on CROSS exchange. Complete by email only, Identity Verification (KYC) is not needed, however without KYC you will not be able to receive XEX benefits
② Read the Margin Trading Terms and Conditions, understand the risks, and agree to its contents
● About the Trading Credit Limits (βeta Version)
The Margin Trading βeta Version has the following trade limits. This makes it possible for the initial Margin Trading to be conducted without difficulty.
① Maximum borrowing limit per person
5,000 USDT equivalent (USDT, BTC in total)
② Maximum borrowing limite per 1 order
1,000 USD equivalent per 1 order
● About Trading
Margin Trading on CROSS exchange is conducted on the same same trading platform as the trading board of the exchange platform. For details, please refer to the Margin Trading User Manual.
● Future policy for the real trading environment
As soon as many people use the current βeta Version and can confirm the trade risks and system risks involved, we will move to the real trading environment that is planned for a future date. (setting multiple leverages, reviewing transaction limits, introducing a credit line with XEX holder preferential treatment, etc.)
In addition, we will revise the User Manual as needed for the βeta Version trading. If you have any questions or comments regarding trading, please contact CROSS exchange Customer Support. We will continue to reflect customer feedback as much as possible.
Please take a stab at CROSS exchange Margin Trading!