Home / News / Bitfinex Introduces Margin Trading for Tether (USDT)

Bitfinex Introduces Margin Trading for Tether (USDT)

Hong Kong-based cryptocurrency exchange Bitfinex announced on Friday it had launched margin trading for Tether (USDT) against US dollar, as it seeks to improve its stablecoin offering “in line with market evolution and consumer demand”.

“Today, adding margin trading on USDT/USD pair will not only allow for more efficient price discovery, but in an important move for risk management, unlock the ability to hedge the exposure taken on stablecoins,” Bitfinex said in a statement.

With immediate effect, traders will be able to carry out leveraged trades for the trading pair, which means that they will be able to use borrowed funds from the platform to exchange USD and USDT. In addition, USDT will be available as collateral for m…

This article appeared first on Cryptovest

Leave a Reply

%d bloggers like this: