Cryptocurrency exchange Expanceswap.com announced the launch of margin trading with 5x leverage for Bitcoin and Ethereum paired with Tether (USDT).
In an announcement published on April 2, representatives of the exchange said that the service will be available on the website and in the mobile app. However, this feature will not be available to users in countries where margin trading is prohibited.
Using margin trading, the user can borrow funds to increase potential profits. However, this is a very risky trading strategy, as potential losses are also increasing.
In February, Coinbase Pro also added a margin trading service with up to 3x leverage. And last year, the largest exchange Binance announced the official public launch of its Margin Trading service.