Cobinhood, a zero fee trading exchange, recently announced that they will list XRP and NEM [XEM] for trading, withdrawal and deposit on their platform. They also announced the addition of margin trading and funding for Bitcoin [BTC], Ethereum [ETH] and Cobinhood Coin [COB].
They revealed that the new features will be launched on 19th October and claim to have launched the service so that users can “maximize their crypto assets”. As they already offer zero trading fees on their normal trading service, they extended it to the margin trading as well.
Users can leverage trade up to 3x for the pairs of BTC/USDT, ETH/USDT, COB/ETH. They can also engage in short selling with 4x leverage for the same pairs. Additionally, users can engage in margin funding with COB, Bitcoin, Ethereum and USDT.
These funders will round out the ecosystem by providing funds for those who wish to engage in margin trading. Cobinhood mentioned that users who hold COB tokens in their Cobinhood accounts will be able to avail a 50% off on margin trading loan interest.
Cobinhood also stated that they will be launching XRP, the third largest cryptocurrency, for trading on their platform. The coin will be paired with Bitcoin and USDT, with trading available on 19th of October. Users can deposit, withdraw, and trade XRP to and from the exchange.
The platform revealed that they will be listing NEM on their platform, with trading beginning at the same time. The currency will be paired with Bitcoin and USDT.
Cobinhood was recently in the news for being awarded the Red Dot Award: Communication Design for the year 2018. The exchange is the first cryptocurrency related business to win the award, marking an important moment in the history of cryptocurrency.
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