Bitcoin Exchange Kraken Revamps Their Website for Margin Trading
Kraken, a popular bitcoin exchange, has announced that they will be redesigning their website as the exchange comes closer to implementing margin trading. Kraken seeks to make their website more intuitive and friendly to newer users. The company will be focusing on making their design simpler and making it easier sign up to and learn how to trade on the website. The new design is set to implemented in “the next few days.” The company will be removing the “monster” login, which generated an unique image of a monster for every IP address. Before you logged in, by looking at the monster image....
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San Francisco-based Bitcoin exchange Kraken has announced the launch of margin trading via a press release. This development lifts Kraken in the league of those few exchanges who allow their clients to trade Bitcoin on margin. Notable exchanges offering leveraged trading are OKCoin, BTC-e, BitMex and Bitfinex. Kraken users, who have verified their accounts to Tier 3 or Tier 4, can leverage up to 20 times in the coming weeks. Interested ones should click here to learn more about the Verification Tiers. Initially, clients will be able to trade only Bitcoin/Euro (XBT/EUR) on margin, with US....
Kraken, a popular San Francisco-based cryptocurrency exchange, announced on Wednesday on the /r/BitcoinMarkets subreddit that its new margin trading option entered Beta launch. The launch of this option comes right after another popular exchange, Poloniex, opened a similar feature a few days ago. Margin Trading is the practice of buying stock with money borrowed from a broker. In this arrangement, the investor makes a cash down payment, called the margin, with the broker and can purchase stocks worth about twice the loan amount. The broker charges interest on this loan, and the investor....
As Bitcoin exchanges in China halt margin trading, zero-fee trading may also be on the chopping block as the industry awaits regulation. China Halts Margin Trading Following the inspections conducted by the People’s Bank of China, the country’s ‘Big Three’ Bitcoin exchanges BTCC, OKcoin and Huobi have stopped margin trading services. Although no official statement from the PBoC has been issued regarding the legality of the margin loan services, media reports state that the platforms’ margin trading “violated rules” and resulted in abnormal price volatility. BTCC CEO Bobby Lee reacted to....
Margin Trading Was The Cause? Some theorize there are whales (people with large enough funds that they can make the market shift noticeably) who are pushing (selling lots of Bitcoins) through margin calls. Margin calls is an element of margin trading. A margin trader can deposit funds in a specified account with a related business - in this scenario, digital currency exchanges. Or specifically some have mentioned Bitfinex. Once a margin trader has deposited her or his funds they receive percent of it back as credit. For example, you deposit $5,000 in Bitcoin and you would have your account....
OKCoin, a cryptocurrency exchange that offers trades between Bitcoin (BTC), Litecoin (LTC), US Dollar (USD), and Chinese Yuan (CNY), has added margin trading to its iOS and Android apps. “In our continued efforts to build the world’s best retail and institutional blockchain asset exchange, OKCoin has added margin trading to its iOS and Android Apps. OKCoin.cn CNY users can trade on up to 5x margin while OKCoin.com USD users can trade on up to 3.3x margin. Thanks for your feedback and continued support of OKCoin. We hope you like it!” added OKCoin in a statement. OKCoin released the....