LiteFinance Introduces Margin Trading for Crypto Assets

Multi-asset brokerage platform LiteFinance has introduced margin trading, allowing users to experience high leverage for a range of digital assets.

With LiteFinance, traders can open sell positions (short trades) in a couple of clicks. This allows them to immediately open a sell position and make a profit when the price drops in a downtrend. Transactions are executed immediately at the market price due to a vast network of counterparties built on ECN technologies. Users can set a take profit and the position will close in profit automatically when the market reaches the specified price level.

LiteFinance levies the lowest possible platform fees when trading cryptocurrencies. Market raw spreads (the difference between the buy and sell price) are available on LiteFinance ECN accounts.

When trading cryptocurrencies, LiteFinance clients can take advantage of 1:50 leverage. This means that only 2% of the transaction amount is needed as collateral to open a position. Leverage allows traders to use less of their own funds to open larger positions. In this case, the potential profit will increase significantly relative to the funds deposited into the account. 

The LiteFinance web platform has a wide selection of digital assets, with over 75 cryptocurrency pairs available. Traders can choose the most popular coins, such as Bitcoin and Ethereum, for short-term trading and make profits from daily price movements. They can also open long-term buy positions for tokens of developing crypto projects, whose cost currently does not exceed $1. LiteFinance also closely monitors the world of cryptocurrencies and regularly adds promising digital assets to the list of trading instruments.

(Source: Cryptopolitan)