OKEx Corporation, a popular cryptocurrency platform, announced the launch of new XRP/BTC and LTC/BTC pairs for margin trading. Trading became available to users from 7:00 UTC. The Hong Kong exchange notes that the expansion is due to meeting public demand for the growing popularity of margin trading.
However, on the official OKEx page, it warns its users about the increased risk of margin trading and suggests carefully evaluating the proposed investment in light of knowledge, experience, financial position and goals.
The company reminded that margin trading can lead to greater profits, but also risks, so users should be very careful before they start using these new margin trading options because the risk of losing funds is quite high.
Despite this warning, the timing of the launch of new trading pairs is quite good for investing in the Ripple token. XRP has increased by 13% in the past few days. The main impetus for this short bull run was that xRapid, the main tool used by Ripple for money transfers, became more efficient and widely accepted in the banking industry.
In fact, the entire market is growingand has reached $215 billion in capitalization, the highest level in a long time.
Against the backdrop of Ethereum's decline in recent months, XRP looks quite confident. Experts note that this may be due to the addition of a new XRP/BTC trading pair on OKEx, but this does not fully explain the pump of the coin noted over the past 24 hours.
You May Also Like
NEM is available again on Coincheck, Vietnamese dong is available on Okex
Daily News: Coincheck gains momentum again after hack and now supports Nem, Okex adds trading with Vietnam's national fiat - dong
SEC Investigates Binance Affiliated Trading Firms
The Securities and Exchange Commission has become interested in the trading partners of the Binance crypto exchange.
