Thank you for always using CROSS exchange.
CROSS exchange will implement a margin of “4x” for Margin Trading. (Demo Trading is currently at 2x)
Implementation Date: 3/12/2020
The CROSS exchange margin trading ratio may change in the future due to customer risk and system management.
With CROSS exchange Margin Trading, a user deposits a certain amount of assets in a margin account wallet. This is a cryptocurrency margin trade that allows users to borrow several times the amount of money from CROSS exchange and use it to trade in larger amounts than your own funds.
Margin Trading is not FX (forex trading).
FX offers a similar leverage trading product, but Margin Trading is different from FX. FX (Forex) is for virtual currency index trading only, where users trade an index that is different from the spot price.
In that regard with Margin Trading, CROSS exchange lends actual virtual currency (coins) to customers and trades on the same trading board as general trading, so it is possible to trade at market prices backed by the spot price.
CROSS exchange manages risk correctly so customers can conduct margin trading with a peace of mind.
The user deposits collateral into their margin account and borrows real coins from CROSS exchange.
● CROSS exchange Margin Trading Features
① A large amount of money can be traded with a small amount of funds
② Start from a new “sell” → There is an investment opportunity even in a falling market, and you can hedge the spot price
③ There is no additional proof → no additional funds are requested
④ Transaction fees will be returned in XEX → virtually free for XEX holders
⑤ You can trade on the same trading board as general trading → Increase liquidity of the platform
⑥ Coin borrowing / returning is automated → You can concentrate on trading with a simple mechanism
⑦ Coin borrowings are accounted for hourly → Reduction of short-term trader's cost burden (Other exchanges charge on a daily basis, so the cost is much higher)
① Register with CROSS exchange. Complete by email only, identity verification (KYC) is not required. However, if you do not perform KYC, you will not receive distributions from holding/owning XEX)
②You have read the terms and conditions and understand the risks of Margin Trading and have agreed to them.
●About Trading Limits
① Maximum borrowing limit per person
10,000 USDT equivalent (USDT, BTC in total)
② Maximum borrowing limit per order
5,000 USD per order
For Margin Trading, log in to CROSS exchange and trade on the same platform as where general trading occurs on the exchange platform. Please refer to the Margin Trading User Manual for details.
Please come and try out Margin Trading!