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Kraken Launches Margin Trading for BCH Pairings

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Kraken Launches Margin Trading for BCH Pairings
Kraken launches margin trading for bch pairings

Kraken has launched margin trading for bitcoin Cash pairings, now supporting leveraged trading for BCH/XBT, BCH/USD, and BCH/EUR markets. The exchange has also launched margin trading for XRP, now offering up to 5x leverage on XRP pairings.

Also Read: Bitcoin Cash Mining Showcased at the Houston Rockets Game

Kraken Launches Leverage Trading for bitcoin Cash and Ripple Markets

Kraken launches margin trading for bch pairingsKraken has become the latest cryptocurrency exchange to expand its bitcoin Cash markets, introducing margin trading for three BCH pairings. Kraken users are now able to trade BCH/XBT using 2x margin, in addition to having access to BCH/USD and BCH/EUR markets with 2x or 3x leverage.

The exchange has also announced support for leveraged XRP trading, introducing 2x and 3x margin for XRP/XBT, and 2x, 3x, 4x, or 5x margin for its XRP/USD and XRP/EUR pairings. Despite the introduction of the new markets, BCH and XRP are not supported as collateral currencies on Kraken, meaning that traders will not be able to open leveraged positions against BCH or XRP balances.

The introduction of the margin trading for BCH and XRP brings the number of cryptocurrencies that Kraken supports leveraged trading for to eight, alongside XBT (BTC), ETH, ETC, REP, XMR, and USDT.

The exchange charges a 0.02 percent fee for the opening of a margin position, and further 0.02 percent rollover fees per every four hours that the position is open.

Recent Email From Kraken to Prominent Clients Claims $4 Billion Valuation

Kraken launches margin trading for bch pairingsEarlier this month, Kraken reportedly issued an email to prominent clients informing them that the exchange is considering a private offering and to conduct a survey regarding opportunities to invest in the company.

The email seeks to emphasize that Kraken holds “significant reserves” and is not in need of financing, rather, insisting that the company is anticipating opportunities for acquisition. The email also reportedly states that the company is considering listing its shares with a valuation of $4 billion, with minimum investments expected to be set at $100,000.

“The transaction process will be done by a 3rd party service, who will run accredited investor checks, facilitate the execution of transaction documents, and the funding of your investment,” the email stated, adding that recipients would have until Dec. 16 to respond to the survey.

Do you like to trade using leverage? Share your favorite trading strategies in the comments section below!

Images courtesy of Shutterstock

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The post Kraken Launches Margin Trading for BCH Pairings appeared first on Bitcoin News.

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BitDice: Not Gambling On Fairness

BitDice is looking to “prove the fairness” in crypto-gambling as the Blockchain gambling platform differentiates itself from the competition who are being questioned about their own fairness in results.

[Note: This is a press release.]

By diversifying their technology, and even opening themselves up to the use of fiat currencies, BitDice will meld the cryptocurrency betting world, which already makes up roughly five percent of the entire online gambling industry, with fiat gambling by alleviating fears of the “Black Box” phenomenon.

Beyond a Single Technology 

Besides allowing the user to choose if they want to play with fiat currency or digital, BitDice is even offering players the choice in technology. In other crypto-gambling platforms, the single technology is essentially a clone of a simple dice game that is run on the Ethereum network and its smart contracts – this comes with its limitations.

The Smart Contracts can be cumbersome, especially in a gambling environment, as the speed and transaction fees can infuriate and frustrate players. Ethereum networks impose higher latency speed for validating wager results and on top of that comes a transaction fee a user must pay with each wager.

By diversifying its technology, BitDice can run its games free of charge on the server with publicly observable and provably fair algorithms that include different types of cryptocurrencies and are capable of processing up to 20 wagers a client per second.

Providing Absolute Fairness

Of course, when gambling online, the biggest fear is that the games are rigged, and there is no fairness involved. This is especially an issue with crypto-gambling as the Random Number Generation (RNG) algorithm cannot be invoked within the Blockchain.

It leads to outsourcing to other parties, which in themselves, are also outsourcing, which clearly leaves plenty of gaps for tinkering with results. Each layer of data transmission can be intruded upon an affected to the benefit of the casino.

This is where BitDice has stepped up the game by successfully implemented the “provably fairness” concept that serves its purpose and eliminates risks of cheating without outreaching any third-party provider.

A client-seed, generated and known by the user, is linked with the server-seed to create an unhackable random outcome which can be verified immediately after the bet is made, but cannot be known in advance by any party.

Standing Out From the Crowd

Traditional casinos, of course, have their limitations, as do Smart Contract casinos, but BitDice has addressed many of these shortcomings in order to put themselves head and shoulders above the competition.text

BitDice Chart

Yes1 – One should apply a top-skill technical expertise to understand and interpret the code of the smart-contract. Smart-contracts can be easily twisted without being noticed by an average user.

No2 – To accommodate high-roller players the funds shall be readily available and kept in hot wallets (online), which is a very insecure way of holding crypto assets. Last examples – Edgeless and Dao.Casino wallets were drained because of mistakes in the code.

Website: https://ico.bitdice.me
Email: contact@bitdice.me

Images courtesy of BitDice, AdobeStock

The post BitDice: Not Gambling On Fairness appeared first on Bitcoinist.com.

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