OKEx Exchange Opens New Offering for Tron (TRX) Margin Trading With Up to 3x Leverage
— OKEx (@OKEx) January 10, 2019
The trading pairs that will now have margin trading are TRX/USDT and TRX/BTC which are available from January 10 at 5:00 AM.
At the same time, TRX will now be supported on the OK PiggyBank as well. Users will be able to lend their cryptocurrencies to other investors that trade with margin. OKEx will be taking 15% of the daily marking interest as profit while users will be receiving the remaining funds according to the coins they have.
There are other digital assets that are being supported by the PiggyBank. These include Bitcoin (BTC), Litecoin (LTC), Tether (USDT), Ethereum Classic (ETC), EOS, Ethereum (ETH) and XRP. They are also available for traders that use margin.
OKEx has also warned users that trading with leverage is very risky and for experienced and professional traders. Furthermore, it is always important to invest what users are able to lose.
At the time of writing this article, Tron is the 9th largest digital currency in the market. It has a market capitalization of $1.66 billion and each TRX can be purchased for $0.0249. In the last days, Tron has experienced an important price increase that allowed it to scale from the 10th position in the market up to the 8th a few hours ago. Now, Tron is falling 15% according to CoinMarketCap.