OKCoin Exchange Terminates Margin Trading for Tron (TRX) and Ethereum Classic (ETC)
As from June 4th, 2019, OKCoin will no longer support Tron (TRX/USD) and Ethereum Classic (ETC/USD) margin trading.
The exchange made this announcement earlier this week, saying that the move is aimed at concentrating their liquidity in their primary trading pairs. This means that the exchange will only support margin trading for Bitcoin Core (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Tether (USDT).
After the termination of TRX and ETC margin trading, all open margin orders will be automatically canceled. Also, all margin loans will be automatically repaid. Users are advised to cancel their open orders before the disabling of the two tokens to avoid unnecessary risks.
However, OKCoin has confirmed that this process will not affect the deposit and withdrawal of ETC and TRX. Furthermore, spot trading for ETC/USD and TRX/USD will also remain unaffected.
OKCoin is a global fiat-blockchain asset trading platform that is headquartered in Hong Kong. The exchange is renowned for continually updating its features to provide a seamless experience for its clients.
Lately, crypto exchanges have had to add margin trading and other advanced features to attract investors as the completion in the industry intensifies. OKCoin is leading the way by focusing their margin trading on the most profitable cryptocurrencies.