"If someone were to pick at least one of the foremost prestigious developments for crypto exchanges in 2019, it might have to be the introduction of margin trading services. The industry has seen multiple platforms incorporating this type of trading service over the past 6 months including Binance and CoinEx, who each threw their hat into this circle. KuCoin is the new platform that has now set its sights on this business.
Over the course of 2019, KuCoin saw a rapid change. They revealed the launch of a new Soft Staking system in the summer, as well as incentives for traders keeping their native KuCoin Shares, resulting in a price increase. While they have been adding and updating new trading options to their site rapidly over the past few months, they have also added new changes to the exchange service. The newly released margin trading service, however, is the platform's first major steps in branching out into entirely new trading territories as they seem ready to move their business in new horizons.
Although margin trading offers a higher profit opportunity for leveraged positions than conventional trading, there is also a higher risk associated with the current cryptocurrency landscape. KuCoin hopes to continue informing and raising more awareness on conscious trading for its communities on margin accounts to help them achieve better productivity and successful trades. In the meantime, head over to KuCoin and see how this margin service works and whether it is worth checking out."
Read more:
https://kucoinblog.com/learn-how-to-margin-trade-on-kucoin-sk-bt
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