Thank you for always using CROSS exchange.
“Margin Trading” on CROSS exchange will be increasing margins to "3x" with implementation soon after. (Demo Trading is currently at 2x)
Implementation Date: 2/19/2020
After implementation of 3x and after confirming with our trading system management, "Margin: 4x" will be implemented.
CROSS exchange's Margin Trading is where users deposit a certain amount of assets into a margin account wallet. This allows users to borrow funds from CROSS exchange and trade.
Margin trading is not FX
There is FX as a product using the same leverage trading, but margin trading is different from FX. FX is cryptocurrency index trading, which is trading an index that is different from the spot price.
In that regard with Margin Trading, CROSS exchange lends actual cryptocurrency (coins) to customers and trades on the same trading board as spot trading, so it is possible to trade at the appropriate price backed by the spot price.
CROSS exchange operates and manages risks carefully so that customers can conduct margin trading with a peace of mind.
The user deposits the margin into a margin account and borrows real coins from CROSS exchange with it as collateral.
●CROSS exchange Margin Trading Features
① A large amount of money can be traded with a small amount of funds
② Start with a new "sell" → There is an investment opportunity even in a falling market by hedging the spot price
③ No additional proof → no additional funds will be charged
④ Transaction fees will be returned with XEX → virtually free for XEX holders
⑤ Users can trade on the same trading board as spot trading → Increase the liquidity of the platform
⑥ Coin borrowing / returning is automated → You can concentrate on trading with a simple mechanism
⑦ Coin borrowings are recorded every hour → Reduction of short-term trader's cost burden (competitors are charged daily, so costs are higher)
① Register with CROSS exchange. Completed by email only, identity verification (KYC) is not required. However, if you do not perform KYC, you will not receive the XEX return service
② Users must have read the terms and conditions of margin trading and understand the risks, and have agreed to the contents.
●About trading limits
① Maximum borrowing limit per person
~5,000 USDT (USDT, BTC in total)
② Maximum borrowing limit per order
~1,000 USD per order
● About trading
For Margin Trading, log in to CROSS exchange and trade on the exchange platform using the same trading board as the spot trading. Please refer to the Margin Trading User Manual for details.
Please enjoy Margin Trading at your own discretion!