Cobinhood cryptocurrency exchange service, the next-generation cryptocurrency service platform and zero-fee exchange, recently announced the launch of margin trading on its platform. Starting October 19, the users of Cobinhood will be allowed to make the most of their trading power and tap into unused funds for better value. At the start of the launch, Cobinhood will provide zero trading fees margin trading with 3x leverage for the pairs like BTC/USDT, ETH/USDT and COB/ETH.
XRP listing on Cobinhood means the users will be able to deposit, withdraw and trade XRP on Cobinhood exchange. Upon listing, XRP/BTC and XRP/USDT trading pairs will be available with ZERO TRADING FEES on Cobinhood Exchange. Cobinhood exchange account will find the same amount of exchanged mainnet CMT tokens. The CMT mainnet tokens, along with its depositing, withdrawing, and trading functions will also be back in October 2018, and the obtainable trading pairs will still be CMT/BTC, CMT/ETH, CMT/USDT and CMT/COB.
This service from cryptocurrency exchange Cobinhood will allow for short selling. Also, during the same period, NEM will let the traders deposit, withdraw and trade XEM on Cobinhood exchange, as stated in Medium blog post of Cobinhood. By listing, XEM/BTC and XEM/USDT trading pairs will be accessible with no fees on this exchange.
In addition, with the launch of Cobinhood as a Margin Trading Golden Mission, an all in one benefit for Cobinhood users available from October 19, 2018, to December 19, 2018, as published in Crypotninjas. During this time, those who finish chosen margin trading transactions and margin funding bids will get free COB and tickets for Candy Machine, a Cobinhood lottery program. Users can get 150 COB and 25 candy machine tickets in total if they complete the entire Margin Trading Golden Mission.
According to Wei-Ning Huang, co-founder and CTO of Cobinhood, the exchange is different from usual other cryptocurrency exchanges, as at Cobinhood the company is continuously revolutionizing features and services to support the traders[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]