Chinese cryptocurrency exchange Bitfinex has introduced margin trading between tether (USDT) and the U.S. dollar, according to the official announcement.
Bitfinex is the fifth largest crypto exchange by adjusting volume, which is based in Hong Kong. It’s one of the few crypto platforms which allows trading with the U.S. dollar pairs.
The announcement states, that adding margin trading on USDT/USD pair won’t only "allow for more efficient price discovery, but in an important move for risk management, unlock the ability to hedge the exposure taken on stablecoins."
It’s also expected in the near future Bitfinex would present margin trading for other stablecoins.
In addition, Bitfinex added margin trading for pairs bitcoin cash ABC (BAB) and bitcoin cash SV (BSV).
Further to our previous announcement, we have also now opened margin trading for BCH ABC (BAB) and BCH SV (BSV) pairs— Bitfinex (@bitfinex) December 21, 2018
Earlier, the exchange increased its minimum withdrawal fee from $20 to $60. It was assumed the increase in the minimum commission fee may be due to the exchange's decision to change its offshore service provider and a criminal investigation, initiated by the U.S. Department of Justice against stablecoin tether (USDT) and Bitfinex. Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.