Bitfinex Lists ApeCoin (APE)
Cryptocurrency exchange Bitfinex has offered its users ApeCoin (APE) margin trading.
The Bored Ape NFT collection token, which became popular at the end of April, is now traded on Bitfinex. The exchange added it after the cryptocurrency was integrated into the OpenSea platform. We wrote about this earlier.
ApeCoin (APE) trading will be available from May 5th 10:00 UTC in currency pairs with USD and USDT stablecoin. It can be traded with up to 10x leverage by borrowing funds on the P2P market. The maximum leverage possible is up to 1.66x. Initial margin - 60%, maintenance - 30%.
As a reminder, cryptocurrency margin trading is available for 11 trading pairs from October 2022. Digital assets include such popular cryptocurrencies as Solana, Avalanche, Cardano, Polygon. They have 3.3x leverage available.
Previously, leverage up to 100x was available on the Bitfinex exchange. However, due to compliance restrictions, this option has been limited to 20x in 2021. The FTX crypto exchange went the same way, reducing the risks of trading for traders.
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