Bitfinex Increases Maximum Leverage for BTC/USD Pair from 5x to 10x

Bitfinex, the crypto exchange and sister company of Tether coin, has announced an increase in the maximum leverage for margin trading on the bitcoin, US Dollar trading pair to enhance user experience.

The maximum leverage on the BTC/USD pair has been increased from 5x to 10x on 17/02/21 at 5:00 PM UTC.

In addition, Bitfinex increased the maximum borrowing amount on Bitfinex Borrow from 80% to 90% for USD loans using BTC as collateral and BTC loans using USD as collateral.

Margin trading enables traders to borrow funds to increase leverage, offering the potential for greater profits. Still, the potential for greater rewards also comes with higher levels of risk, particularly given the volatility of digital assets. Eligible Bitfinex users can obtain financing for margin trading through the peer-to-peer (P2P) financing marketplace available through Bitfinex.

Bitfinex Borrow is a peer-to-peer (P2P) digital token loan portal that allows users to borrow funds from other users by using their cryptocurrency or fiat assets as collateral.