BitYes Margin Trading / P2P LendingHuobi's USD bitcoin trading platform BitYes has launched two new functions - margin trading and P2P lending. Users now have the ability to trade with up to 3:1 leverage for an interest rate as low as 0.01% per day. Margin trading allows users to borrow BTC or USD in order to maximize profits whether the price of bitcoin is rising or falling. By borrowing USD and buying BTC users can increase their profits when the price rises, and by borrowing BTC and then selling the borrowed BTC users can profit when the price declines. Margin trading can also be used to effectively arbitrage between exchanges. For convenience and better risk management, margin trading is done in a separate account which users can fund seamlessly from their main account.
P2P lending is an advanced feature that has been in high demand and we have now added it to BitYes. Users can submit offers to lend their BTC or USD at whatever interest rate and loan duration they choose; if someone who wants to margin trade finds the offered rate attractive enough, the offer will be accepted and the lender will earn interest. In the beginning P2P lending will only be available to a limited number of users, but when the demand for margin grows it will be opened to everyone. Contact
support@bityes.com if you want early access to P2P lending.
BitYes has the lowest fees in the industry - a maker-taker trading fee schedule with 0% maker fees and taker fees as low as 0.08% and 0% fees for all USD deposit methods.
For people who want more than 3x leverage, Huobi's
BitVC futures trading platform allows users to trade with 5x, 10x, or even 20x leverage.
