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OKEx Increases Margin Trading Leverage to 5x for BTC, ETH, LTC, ETC and EOS

Okex increases margin trading leverage to 5x for btc, eth, ltc, etc and eos

OKEx Increases Margin Trading Leverage to 5x for BTC, ETH, LTC, ETC and EOS

Okex increases margin trading leverage to 5x for btc, eth, ltc, etc and eos

Malta based OKEx crypto exchange earlier today announced that it had increased the leverage option for 9 trading pairs from 3x to 5x. According to the exchange, the increment is due to market demand for higher leverage during trading of the following trading pairs.

  • BTC/USDT
  • ETH/USDT
  • ETH/BTC
  • LTC/USDT
  • LTC/BTC
  • ETC/USDT
  • ETC/BTC
  • EOS/USDT
  • EOS/BTC

The exchange is yet to increase the margin trading leverage for TRX.

Margin Trading Is Profitable but Can Also Exaggerate Losses

Lennix Lai, Financial Market Director of OKEx, explained that the exchange is one of the few that offers 5x leverage. He expressed confidence in the exchange’s risk management engine driven by long-standing trading data. He also cautioned traders on the risks associated with leverage trading.

The beauty of margin trading is to use debt to maximize the potential return.

Yet, I would like to remind our users to trade margin with caution. Because margin would as well exaggerate your losses.

In 2019, we will continue to lead the industry and offer further products that reflect the market needs.

Risk Ratio and Margin Call Ratio of The Trading Pairs

The exchange also explained that the surplus balance in the margin account can be transferred out through ‘funds transfer’ under the following risk ratio conditions.

  • 5x leverage – risk ratio is ≥125%
  • 3x leverage – risk ratio is ≥150% (remains unchanged)

The estimated margin call ratio of all trading pairs will be adjusted to 120%. When the risk system sees that a trading position has a risk ratio that is ≤120%, it will notify the user automatically via SMS. The margin call ratio remains at 110% and when the risk ratio is  is ≤110%, forced liquidation will be initiated by the system and the user will also get a notification SMS.

The Risk Ratio formula on OKEx is calculated as follows:

Risk Ratio = [(Total Assets (In Base Currency) – Interests Payable (In Base Currency) ) / Last Trade Price + (Total Assets (In Trading Currency) – Interests Payable (In Trading Currency)]/(Borrowed Assets (In Base Currency) / Last Trade Price + Borrowed Assets (In Trading Currency) ) * 100%

What are your thoughts on OKEx increasing the margin trading leverage for the trading pairs associated with BTC, ETH, LTC, ETC and EOS? Are traders getting better at trading or are they increasing their risk tolerances Please let us know in the comment section below. 

[Feature image courtesy of GettingSmart.com]

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

Published at Wed, 27 Feb 2019 02:11:13 +0000

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Gameflip Shatters FLIP Pre-Sale Goals, Sets Sights on December 4, 2017 ICO

Leading digital goods company Gameflip is extending its marketplace onto the blockchain — and incentivizing publishers to follow suit.

[Note: This is a press release.]

San Jose, California—November 24, 2017—Hot on the heels of its successful pre-ICO last month, Gameflip, the veteran Silicon Valley gaming marketplace, has now announced new dates for its much-anticipated ICO: December 4, 2017, through January 29, 2018.

Gameflip’s digital goods marketplace has 2+ million gamers with millions of USD in transactions each month. With FLIP, its digital token and ecosystem, Gameflip is extending its proven marketplace onto the blockchain — creating significant value for gamers and game publishers.

Gameflip exceeded its pre-sale goal — achieving 112% of its goal with hundreds of people from around the world participating to support the goal of creating a seamless decentralized digital marketplace for gamers. The veteran team has modified its ICO dates to start on December 4, 2017, and end on January 29, 2018, to best meet the needs of its growing community and align with current market trends.

Why are global gamers, industry veterans, and blockchain enthusiasts flocking to support FLIP? One: gamers will be able to use FLIP on the existing Gameflip platform — creating value and utility for gamers immediately. Two: publisher incentives are built into FLIP, and they are designed to maximize the growth of the network.

Providing a liquid marketplace for digital gaming goods represents a $1 trillion opportunity for the gaming industry. Not surprisingly, others are also trying to build an ecosystem to support these transactions across games. But a key differentiator for Gameflip is its focus on — and existing connections with — game publishers.

JT Nguyen, CEO of Gameflip, said:

Publishers are the key to success in this market. Our competitors are trying to build marketplaces on the blockchain without an established platform behind them, an experienced team among them, or an outward focus on publishers guiding them — and that’s simply impossible.

Gameflip has great incentives for publishers to put their digital goods onto the blockchain. It works like this: publishers adopt the use of FLIP and integrate Gameflip’s SDKs with their own games. They receive a generous commission for every blockchain transaction of those goods that they decide to place onto the blockchain — that is, for every subsequent transaction of those digital goods, they will have a commission, forever. This opens an entirely new revenue stream for publishers, which promotes quick adoption. In addition, Gameflip has reserved 40% of the total supply of FLIPs to incentivize publishers by allowing them to sell these FLIPs to their community and keep up to 100% of the proceeds.

This publisher-centric model is the product of decades of combined experience in the gaming industry. Prior to founding Gameflip, the company’s core team built the global games publishing business Aeria Games from the ground up, cultivating a community of 40 million gamers.

Nguyen said:

Our strategic partners, advisors and core team have longstanding connections in the gaming and startup communities. That means we have insider access to the top publishers and developers in the world.

Gameflip’s ICO target is to raise $5 million (soft cap) to extend its already successful digital goods marketplace onto the blockchain and to onboard a handful of innovative publishers in a beta period before proceeding with top global publishers. The additional capital, together with the company’s existing financing from Silicon Valley VC firms, will let Gameflip quickly scale and expand its platform.

Learn more about Gameflip, its token sale, and its expert team. 

About Gameflip

Ijji, Inc. (doing business as “Gameflip”) is a corporation based in San Jose, California, USA, and funded by Silicon Valley venture capital funds and other investors. The Gameflip management team has decades of combined experience in the gaming industry, as game developers and publishers in prior capacities, and now as digital goods marketplace operators. The Gameflip digital goods marketplace has more than 2 million registered users and 500,000 monthly actives.

Legal Disclaimer

The FLIP token sale is only available to purchasers who are: (i) not “U.S. Persons” (as defined in Regulation S under the U.S. Securities Act of 1933, as amended) and not purchasing for the account or benefit of any U.S. Persons and (ii) eligible to purchase FLIP tokens under the applicable laws of each such purchaser’s jurisdiction.

Images courtesy of Gameflip

The post Gameflip Shatters FLIP Pre-Sale Goals, Sets Sights on December 4, 2017 ICO appeared first on Bitcoinist.com.

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