Leading Bitcoin margin trading platform Overbit has doubled its maximum leverage for BTCUSD perpetual swap contracts from 50X to 100X effective immediately.
The announcement was made in conjunction with the Seychelles-based Bitcoin margin trading platform’s first-year anniversary celebration.
With the increase of its maximum leverage to 100X, traders can look forward to even greater options when trading perpetual swap contracts on Overbit. The margin trading platform’s intuitive features allow traders to conveniently open trade positions in just a few clicks, taking advantage of dynamic market movements. With this convenience, traders can now enjoy trading Bitcoin/USD (BTC/USD) and Bitcoin/JPY (BTC/JPY) exchange rate with higher leverage and no expiry.
Overbit Traders can Better Capitalise on Market Trends with Higher Leverage
The use of leverage in financial trading is a popular strategy employed by margin traders to get higher returns from price changes in trading pairs. More leverage means a smaller margin requirement to open trade positions and has no direct bearing on profit and loss.
“Overbit offers the most popular crypto perpetual swap contracts, making it suitable for traders of any experience. We increased the maximum leverage for swaps to 100X to give traders more strategic opportunities, allowing them to further capitalise on timely market movements,” said Chieh Liu, Overbit CEO.
Optimising one’s gains from the dynamic crypto market is the main reason why leveraged trading is welcomed among traders. With the 100X leverage increase, traders can now trade perpetual swap contracts of 10 BTC with a margin requirement of only 0.1 BTC + 0.5% maintenance margin.
At the same time, traders on Overbit can spread their starting capital across other altcoins, forex, and metals, thereby, mitigating risk through diversifying their portfolio.
In crypto and forex margin trading, practice is the key to success. Traders should also trade wisely by doing thorough research online and Overbit’s Help Desk is a good starting point.
Overbit is an easy-to-use margin trading platform, created to provide traders with a user-friendly yet enjoyable trading experience. The margin trading platform also boasts military-grade security and all client funds are stored on multi-signature cold wallets. Likewise, Overbit eliminates the risk of price manipulation as quotes come from various top-tier exchanges.
Overbit is a leading online Bitcoin margin trading platform.
Overbit was founded in 2017 and launched in 2019 by Chieh Liu and a team of experienced traders and engineers. Through Overbit’s secure and user-friendly trading platform, traders can buy/long and sell/short cryptocurrencies, forex and metals using Bitcoin as an underlying asset.
Overbit offers one of the most attractive, fast and flexible margin trading options on the market – allowing users to trade with up to 100X leverage on crypto and up to 500X leverage for forex.
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Margin trading carries a high level of risk to your capital and you should only trade with money you can afford to lose. Margin trading may not be suitable for all traders, so please ensure that you fully understand the risks involved, and seek independent advice if necessary.
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