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Margin Trading For UNI Pairs Is Now Available on Bitfinex

Following the listing of Uniswap’s UNI token, the Hong Kong-based cryptocurrency exchange Bitfinex has now announced margin trading for UNI pairs as well. The company has said in a blog post published on the 30th of September, 2020, that it has added Uniswap (UNI) pairs into its suite of margin trading products.

Bitfinex adds margin trading for UNI

Bitfinex announced that the margin trading for the decentralized exchange Uniswap’s native token UNI is now available on its trading platform. The exchange has added margin trading for two trading pairs which are listed on its platform UNI/USD and UNI/USDT.

Users can now start margin trading of these two UNI pairs starting from September 30, 2020, at 8:00 AM UTC.  The company is offering maximum leverage of 3.3x on the margin trading of UNI pairs. Apart from this, initial equity of 30% and a maintenance margin of 15% are also offered by the exchange.

The exchange has launched margin trading following the recent announcement in which it listed UNI token on its trading platform. In addition to UNI, Chainlink’s native digital currency LINK as well as Cardano’s ADA have also been listed by the Bitfinex exchange recently.

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Bitfinex is also offering 6.2% interest on three digital assets

The cryptocurrency exchange has made another announcement in which it has said to start offering interest on three famous digital currencies while giving users a new way to earn passive income. These three coins include the world’s largest digital currency Bitcoin (BTC), the second-ranked cryptocurrency (ETH), and the fourth-ranked digital currency XRP.

As per the announcement made on September 30, 2020, the exchange is offering an annual percentage yield (APY) of up to 6.2% to the holders of Bitcoin (BTC) and Ether (ETH). While on the other hand, it is offering an annual percentage yield of up to 4.9% to the holders of Ripple’s native cryptocurrency XRP. As per the announcement, the cryptocurrency exchange is offering interest through the lending platform Celsius network which is considered as one of the leading companies in the lending market.

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Mubashar Nawaz (United Arab Emirates)

Mubashar Nawaz is an experienced crypto writer working for Tokenhell. Having passion for writing, he covers news articles from blockchain to cryptocurrency.

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