Quoine’s Liquid Trading Platform Opens 25x Margin Trading on BCH Pairings
Quoine's Liquid Trading Platform Allows 25x Margin on BCH Pairings
Liquid is a cryptocurrency trading platform which seeks to make trading more accessible to the average trader by further linking fiat and crypto to one another. This past week, the exchange came out with information on their intention to allow new leveraged positions in their growing Bitcoin Cash market. The new leveraging system will allow confident traders to take out bets that are twenty-five times higher than the money they are personally putting down.
While this will clearly increase the amount of risk associated with the process of trading for some traders, it will also function to add to the potential profits that the lucky trader could see. The process of leveraging has a significant history within the traditional financial and stock markets, which means that the crypto space is one again transitioning into following in the footsteps of Wall Street in its own dealings and interactions.
Notably, the platform plans to allow the lending process to happen on the part of other traders, as well. This means that users can earn interest on their Bitcoin Cash by “lending” it out to other traders who want to take advantage of a leverage over their funds. This should be relatively low-risk for the lender, as the money is eventually paid back once profits or losses are officially taken following the outcome of the contract.
Bitcoin Cash Reforms
This has been a relatively big year for Bitcoin Cash. The release of a new protocol upgrade on the Bitcoin network has been effective at trying to solve the important Bitcoin scalability problem. This is an issue for Bitcoin Cash, because the network was founded on the ability of the network to conduct transactions at a much faster rate than the original Bitcoin network.
Roger Ver continues to try to up the interest in the network, commenting last week that he wants to create an exchange that uses BCH to increase market liquidity. If he follows through with the plan, experts speculate that the Bitcoin Cash value and usage could skyrocket.