Bybit, the second largest exchange of cryptocurrency in the world in volume, has introduced trading of margin in cash for European platform users up to 10x lever, in accordance with the region’s markets in crypto (Mica) diet.
The service, announced on Monday, allows bybit EU based on Austria, to borrow funds against their existing crypto holdings, using them as guarantee to buy or sell more assets than the balance of their wallet would not allow it otherwise.
For example, a user with $ 100 can borrow additional funds to carry out an exchange of $ 1,000 using 10 × lever, amplifying both gains and potential losses of small market movements, bybit in a press release.
The bedding in the European Mica regime has seen regulated companies exploring a wider range of cryptographic products. For example, Bitpanda, who is also regulated by Austria Financial Market Authority (FMA)introduced margin trading at point 10x, at the end of last month.
The occasional margin of EU Bybit has integrated guarantees such as liquidation controls to prevent losses from accumulating and real -time interest rates, margin requirements and collateral ratios, assets by assets, said the Stock Exchange.
“Trading in cash is a powerful tool – but only when associated with transparency, risk education and user control,” said Mazurka Zeng, CEO of Bybit Eu in a press release.
