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Bitfinex Adds Margin Trading for Tether, Bitcoin Cash and Bitcoin SV


sludgefeed.com 22 December 2018 19:58, UTC
Reading time: ~2 m

Bitfinex, one of the world’s most popular cryptocurrency exchanges, announced Friday that it would be adding margin trading for Tether (USDT/USD), to allow investors to hedge their stablecoin position.

Margin trading for USDT/USD pair on Bitfinex is now open. Read our announcement for more on what this means for our traders: https://t.co/kYZP6R1Yzq pic.twitter.com/wc5zsN4sh2

— Bitfinex (@bitfinex) December 21, 2018

“At Bitfinex we work tirelessly to ensure our platform reflects the needs of professional traders, offering market differentiating order types for unique trading strategies,” Bitfinex said in the announcement. “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.”

Shortly after revealing the addition of USDT margin trading, Bitfinex announced that it would also be adding Bitcoin Cash (BCH), known as BAB on Bitfinex, and Bitcoin SV (BSV) margin support.

Further to our previous announcement, we have also now opened margin trading for BCH ABC (BAB) and BCH SV (BSV) pairs

— Bitfinex (@bitfinex) December 21, 2018

News of the additional margin trading options comes several weeks after Bitfinex and its Ethereum-based decentralized exchange, Ethfinex Trustless, began offering the six leading stablecoins to allow investors to diversify away from USDT.

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