Stellar Lumens [XLM] has stated that the cryptocurrency exchange platform CEX.IO has begun margin trading. According to the official Twitter pages of both the companies, users can trade in fiat, cryptocurrency, and Trade in Margin.
XLM is currently trading at a $0.43 with a market capitalization of $8.1 billion and is ranked number 8 on CoinMarketcap. The stellar market has seen a surge in its price by 25% in the past one week. It continues to represent an upward trend in the 24-hour cycle.
CEX.IO is a platform that allows users to buy coins through linking their credit/debit card. Stellar Lumens was listed on the exchange platform earlier this year after the prices were on a rise.
Margin Trading is an effective strategy as it lures lots of people with insufficient funds to buy cryptocurrency. Trading on margin in a financial market refers to the borrowing of funds from brokers to buy stock.
CEX.IO joined the crypto-sphere in the year 2013 as a cloud mine for Bitcoin. Gradually the company shifted to act as an exchange platform for cryptocurrencies. Trading cryptocurrencies for fiat money are provided by the company.
CEX.IO is one of the most notable Bitcoin trading platforms in the world. It is the first platform to provide credit card payments. The transaction fee charged is 0.2% which is comparatively low in the market.
Fabian, Twitterati says:
“Did you improve your margin trading within the past ~5 months? The last time I checked, it was a horrible mess and very dangerous compared to margin trading at other exchanges! (Eg. only market close and only full amount at once. and no possibility to settle the position)”
Julian, a crypto-enthusiast says:
“I always looked at the market as giant bubbles that will eventually burst and the whole economy it carries on its blockchain will be washed off. Maybe this is not the case as yesterday I checked the prices in some of the platforms and it seems like XLM and TRON are worth an investment.”
Subscribe to AMBCrypto’s Newsletter
Co-Founder of Newly Launched ZBX Exchange Speaking at Stockholm Blockchain Forum
Bitcoin.org co-owner calls out Jack Dorsey; predicts CashApp will push censorship
Ethereum [ETH] dApp users drop as EOS and Tron dominate the market
World Blockchain STO Summit: 29 – 30 April 2019, Dubai, UAE
Bitcoin [BTC] and Ethereum [ETH] can be exchanged for Euros or Swiss Francs on MyEtherWallet
Bitcoin [BTC] developer Jimmy Song lists 3 reasons why Bitcoin SV [BSV] is a “scam”
Bitcoin [BTC] among cryptocurrencies enabled by new debit card launched by Australian Crypto exchange
Bitcoin [BTC]: Mt Gox redemption plan demonstrates the power of open source network, says Brock Pierce
Tron’s BitTorrent [BTT] hikes by a whopping 18%; airdrop concludes
Ripple allegedly offering attractive XRP packages as an incentive to prospective hires
- Press Release
A New Generation of Crypto-Exchange: ALL IN ONE Crypto-Exchange
- Bitcoin Cash
Bitcoin Cash [BCH] support rolled out by Coinbase custodial wallet app
Flash Hike: XRP pumps by 10% as most top-10 coins gleam green
Cryptocurrency Adoption: Institutional investors should consider cryptocurrencies, says pension and endowment adviser Cambridge Associates