Cryptocurrency exchange CryptoHikes announced the completion of beta testing of the margin platform. The launch of trading on CryptoHikes Margin took place on April 7. This was reported on the exchange’s blog.
Until April 14, 2021, the maker’s commission on CryptoHikes Margin is 0%, the taker’s commission is 0.01%. During this period, the platform also provides a 90% discount on funding fees. After April 14, the maker’s commission will remain the same, while the taker’s commission will increase to 0.05%.
Beta testing of CryptoHikes Margin took place in March 2021. It was attended by 150 Feelcryptobit traders.
“The main condition for getting early access was the storage of EXM in wallets. Users showed high interest in the new features of the exchange and started buying tokens. This provoked an increase in the rate: since the beginning of the year, EXM has grown by 2,100% and updated its all-time high of $ 0.089, “the exchange team comments.
The platform operates on the principle of a CFD broker (Contract For Difference). On a spot exchange, the trader formally owns the asset. CFDs allow you to trade without owning an asset, and also make money on falling prices.
CryptoHikes Margin supports:
trading pairs BTC / USD, ETH / USD and XRP / USD;
shoulder up to 3x;
market, limit, stop, stop limit and trailing stop orders;
the ability to edit positions and orders on the chart;
closing a position with a market order in one click;
a large set of tools for technical analysis.
In the future, the exchange plans to increase the leverage and expand the list of trading pairs.
CryptoHikes is an American trading platform. The platform has been operating since 2020 and serves 1.8 million customers. CryptoHikes advocates for the regulation of the crypto industry and adheres to the AML policy. In December 2020, the exchange received a provisional registration from the UK Financial Conduct Authority (FCA).