KuCoin Will Launch Margin Trading Service
Dear KuCoin Users,
KuCoin will release an all-new service on October 31, 2019 (UTC+8): Margin Trading.
Via the Margin Trading service, users will be able to borrow crypto valued multiplied original principal for more transaction possibilities. By selling the lending crypto, users can short their positions to get profit. Margin trading, compared to traditional trading, has the potential for higher profit but, due to price fluctuations and high liquidity, also faces higher transaction risk.
*Users will be able to enjoy a 20% discount in KCS when using it to pay the transaction fees generated in margin trading.
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