Poloniex has added a cross-margin functionality to enhance its spot trading services.

Located in Panama City, December 12, 2022, Chainwire

Poloniex is excited to enhance its users' trading experience in a rapidly evolving marketplace with the launch of its cross-margin mode for spot trading.

With the ability to leverage up to three times, Poloniex's cross-margin mode allows users to manage their capital more effectively. It integrates both spot and cross-margin accounts, eliminating the need to move assets between different margin accounts, which streamlines the process.

In addition to this, the cross-margin mode features automatic loan borrowing and repayment functionalities. Once users are on the trading page, they can take out loans for trading, transferring, or withdrawing tokens, with their maximum borrowing limit based on the overall margin level of their spot account. enables “auto-borrow” on the trade Regarding the repayment feature, every time users trade, transfer, or deposit tokens, those assets are automatically used to pay back the loan, helping to avoid incurring extra interest costs.

With its user-friendly interface and competitive interest rates, Poloniex is significantly improving the trading experience for users, making it easier to potentially increase their profits. Users can also easily navigate and switch between various trading pairs using a clearer, more refined interface, enhanced by a new guide for onboarding and asset information. Currently, the supported margin assets include USDT, BTC, ETH, and TRX, with plans to add more assets soon.
In celebration of the launch of the cross-margin mode, Poloniex is hosting a promotional event. Moreover, there are even more exciting features and products set to be introduced in 2023. users’ overall trading experience Established in January 2014, Poloniex is a prominent global exchange providing both spot and futures trading services. In 2019, it secured investment from H.E., the founder of TRON, to expand its reach to international customers. Poloniex now operates in over 100 countries and regions, offering services in multiple languages. In 2022, they debuted a cutting-edge trading system designed for higher speed, stability, and usability. Working alongside TRON, which has recognized TRX as legal tender in Dominica, Poloniex is committed to connecting users to the vast world of cryptocurrency.

Please remember that the details shared on this page should not be seen as legal, tax, investment, or financial advice of any kind. It's crucial to only invest what you can afford to lose, and if you're unsure, seek independent financial advice. For more information, we recommend reviewing the terms and conditions, as well as the help and support resources made available by the issuer or advertiser. MetaversePost strives for accurate and impartial reporting, though market situations can change without prior notice. reward its users Chainwire serves as a leading newswire for blockchain and cryptocurrency, distributing press releases and optimizing the coverage of crypto news.

For more information, please visit https://support.poloniex.com/hc/en-us/articles/10750566481047

AboutPoloniex

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