BitLeek Notices

Margin Trading is available on Huobi Pro from Dec 8


  • administrators

    Dear Users,

     

    Margin Trading is available on Huobi Pro from December 8. All the currencies paired with USDT will have such feature including BTC, BCC, ETH, LTC, ETC, DASH, XRP, EOS, OMG and ZEC. We allow up to 3 times leverage but the maximum leverage is different depending on the trading pairs. Please refer to the exact maximum leverage displayed on respective pages.

     

    It is expected that Bitcoin will undergo hard fork soon, in order to protect your Bitcoin (BTC) assets and chain split assets, leveraging of BTC will not be supported at this moment. We will make a public announcement shall we have decided to support BTC with margin trading feature.

     

    【Contribute your idea to improve Huobi Pro’s Margin Trading Feature. 0.1 MCO will be rewarded for just participation and brilliant suggestions will be rewarded with 1 MCO!】

     

    Submission of Margin Trading improvement suggestions before 24:00, Dec 18th will be rewarded with
    0.1 MCO
    while constructive suggestions will be given
    1 MCO
    ! Everybody is welcomed to contribute and get rewarded!

     

    Click here to contribute suggestions:
    https://jinshuju.net/f/81oAnD

     

    (Eligible winners must have margin trading history on Huobi Pro. Otherwise, they will be disqualified. Huobi Pro reserves the right to disqualify any person who is known or suspected by Huobi Pro to be cheating or violating any rules and regulations set by Huobi Pro.)

    1. What is Margin Trading?

    Margin Trading allows you to use your principal as collateral. You could loan from Huobi Pro to leverage your funds with a possibility to make more profit or lose more. 3 times leverage means that if you have 100 USDT principal, you could borrow 200 USDT maximum. Then you will have 300 USDT to trade and will have 3 times of profit or loss.

    1. What is the interest rate of Margin Trading?

    Daily rate for borrowing USDT is 0.1%. Daily rate for borrowing BCC、ETH、LTC、ETC、DASH、XRP、EOS、OMG、ZEC is 0.02%. This interest starts from the moment you request for loans. One day/24 hours is considered as a unit, less than 24 hours will still be considered as 24 hours. When you repay the loans, you need to repay the sum of borrowed funds together with the interest.

     

    Risk Reminder: Margin Trading has high risks. Please Margin Trade in an acceptable range and make prudent investment decisions.

     

    Enjoy your trading!

     

    Huobi Pro

    December 8, 2017

    https://www.huobi.com/p/api/contents/pro/notice/743


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