KuCoin Margin Trade Adds SHIB/USDT Trading Pair
05/13/2021, 18:27:17
Dear KuCoin Users,
To enrich the variety of assets available, KuCoin’s Margin Trading platform has added the SHIBA INU (SHIB) asset and trading pair.
New Margin Asset: SHIB
New Borrowable Asset: SHIB
New Margin Pair: SHIB/USDT
🎁Bonus: KuCoin has randomly placed coupons into traders' accounts.
*How to claim: Trading interface > Get Bonus
*Coupons can be used to borrow funds at 0 interest for long or short in Margin Markets, and only through the coupon interface.
*How to use: Click Coupon > Transfer > Borrow > Trading
How to Go Long or Short on Margin Trading:
Take SHIB/USDT as an example,
Go long: buy low then sell high.
Borrow USDT >> buy SHIB >> when the price of SHIB goes up, sell SHIB for USDT >> repay USDT and interest >> take profit
Go short: sell high then buy low.
Borrow SHIB >> sell SHIB for USDT >> buy SHIB back when the price of SHIB goes down >> repay SHIB and interest >> take profit
Margin Instruction:
Risk Warning:
Margin trading refers to the practice of borrowing funds with a relatively lower amount of capital to trade financial assets and obtain bigger profits. However, due to market risks, price fluctuations, and other factors, you are strongly recommended to be prudent about your investment actions, adopt an appropriate leverage level for margin trading, and properly stop your losses in a timely manner. KuCoin assumes no responsibility for any losses arising from the trade.
KuCoin reserves all rights to the final interpretation of this announcement.
The KuCoin Team
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