COBINHOOD is the world's first "ZERO Trading Fees" cryptocurrency exchange with the vision to maximize traders' profits. Traders now can enjoy ZERO trading fees for spot trading and margin trading up to 10x leverage.
Let me share another article from HodlerXL that talks about the plan of Japan in cryptocurrency margin trading rules that they want to toughen next year (2020). Read it and have a better insight about it!
All about the Binance/Kava Margin Trading competition! (Tesla Cyber Truck Prize Package)
On June 8th, 2020 Binance suprised everyone by uploading a gif onto the mainpage of their website that stated Binance & Kava would be hosting a margin trading competition, and that a Tesla Cyber Truck (along w/ about 28,000 dollars) would be given away in prizes! OFFICIAL LINK
Trade KAVA to Win a Tesla Cybertruck! The top trader with the most KAVA trading volume during the activity period will win a Tesla Cybertruck, including a single motor RWD and full self-driving package (worth 47,000 USD). This includes buys and sells across all KAVA trading pairs on both spot and margin. Trading volume completed via isolated margin and will be multiplied by a coefficient of 3.
Lucky Draw - Trade KAVA and Win from a Pool of 27,800 USD in KAVA Tokens. Users ranked 11th, 21th, 31th, 41th, and so forth until the 1991st place of the top 2,000 KAVA traders based on their trading volume (including buys and sells) during the competition period will split a total of 27,800 USD in KAVA. Trading volume completed via isolated margin will also be multiplied by a coefficient of 3.
Zero KAVA borrowing fees on Binance Margin! All users that borrow KAVA from Binance Margin will enjoy 0 borrowing fees and VIP+1 borrowing volume during the activity period. The borrowing structure is as follows:
Valid trading volume counts both buys and sells, excluding any wash trades. Trading volume completed via isolated margin will be multiplied by a coefficient of 3.
If you don’t have a Binance account, click here to get on with a 10% trading fee discount. The 10% trading fee discount will remain valid as long as the Binance referral program is in place.
KAVA trading pairs include KAVA/BTC, KAVA/USDT, KAVA/BNB. KAVA/BTC and KAVA/USDT can support isolated margin features.
The Tesla Cybertruck reward does not include taxes, fees, and shipping fees. The KAVA team supports replacing the Tesla with an equivalent reward in KAVA tokens.
Binance will use the average price of KAVA/USDT trading pairs during the competition period as the exchange rate between USD and KAVA.
Sub-account and margin account trading volume will be combined with the master accounts standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this activity.
Binance reserves the right to disqualify trades that are deemed to be wash trades or illegal bulk registration accounts, self-dealing or display attributes of market manipulation, etc.
Rewards will be distributed within 2 weeks after the competition ends. You will be able to login and see your rewards via Distribution History > Wallet > Account Center.
Binance reserves the right to cancel or amend any Activity or Activity Rules at our sole discretion.
Risk Warning (IMPORTANT):
Cryptocurrency investment is subject to high market risk. Binance is not responsible for any direct, indirect or consequential losses as a result of the trading competition. Please make your investments with caution.
BitMax.io, One of the Fastest Growing Asian-Based Global Platforms
This post was initially published on ZyCrypto in Sep 27th,2019. Retrieved fromhttps://zycrypto.com/bitmax-io-one-of-the-fastest-growing-asian-based-global-platforms/ BY LIVINE SANCHEZ ON SEPTEMBER 27, 2019 Dr. George Cao, Co-founder & CEO of BitMax.io, sent out A Public Letter to BitMax.io (BTMX.io) Global Community, and marked a significant milestone of the platform’s first year of operation. With its relentless focus, BitMax.io has been making a great stride in platform build-out, customer service improvement, innovative product launch as well as quality listing across wide spectrum of blockchain industry. It has clearly established itself as emerging innovator the highly competitive digital asset trading space. Happy one-year anniversary to BitMax.io! 1. First Platform to Introduce and Discontinue “Transaction Mining & Reverse-Mining” BitMax.io is a Singapore-registered global digital asset trading platform, founded by a group of Wall Street quant trading veterans. Over the past months, this platform has been among one of the top exchanges by trading volume according to data reported by Coinmarketcap ranking service. Initially, BitMax.io stood out as the first of its kind, introducing “Transaction-Mining & Reverse-Mining” combined mechanism to the digital asset trading industry. As part of the initial platform ecosystem build-out, this transaction-based mining module was introduced in November 2018 in order to attract liquidity and accelerate customer acquisition — especially during the rough market condition at the launch. This unique trading mechanism has been instrumental to the design and development of BTMX (the platform native token) economics, which many experienced traders and platform users found brilliant and efficient. Recently BitMax.io announced to discontinue the very unique Transaction Mining & Reverse Mining program. This is another strong signal that BitMax.io is transitioning into a new phase of business expansion and next-stage strategic plan implementation. 2. New Phase of Business Expansion and Product Line-up In the business expansion perspective, BitMax.io recently announced the launch of incubator fund JV, B-Tech and achieved a strategic partnership with UltrAlpha.io asset service platform. From the product development perspective, BitMax.io introduced innovative margin trading and volatility card earlier this year, which have also been well received by the community. The margin trading functions allows the users to leverage their tradable asset for a potential higher return on investment with proper risk management. The number of trading pairs that support margin has increased from initial less than 10 to almost 90, even including BTMX pairs. It also expands the utility functions of BTMX, and attracts the liquidity to the platform. (The margin trading function of BitMax.io is not available for North American markets.) Similar to the margin trading, the introduction of Volatility Card again built upon the advanced expertise of BitMax.io team in financial product design and showcased the team’s deep understanding of the inner working of the capital market. BitMax.io Volatility Card is the first volatility-linked derivative product for users to forecast and trade-off price fluctuation of underlying major coins during preset time windows in a simple yet effective way. This new type of volatility product successfully helps users to gain exposure to the increasing volatility from both trading and risk management perspectives. 3. Other Fundamental Components of BitMax.io Platform Across the industry, BitMax.io has the lowest transaction fee among trading exchanges and platforms. Currently, it charges 0.04% for both makers and takers in regular trading with a low withdrawal fee structure as well. As a way of giving back to the community, BitMax set aside 80% of net transaction fee revenues as data usage reward for holding the BTMX token. As at the time of writing, the Annual Percentage Rate (APR) is currently ranging between 40%-50% – this can be seen as an attractive passive benefit to loyal holders of the native token. Usually, users are required to lock up their BTMX token and get rewards. As part of ongoing enhancement, the platform also has been taking steps to optimize its infrastructure from security monitoring to user experience on website and APP. Amidst the recent market condition, BitMax.io seems to be staying on an inspiring track and working through the roadmap for its users. BitMax.io is still identified as the fastest-growing Asian platform, and one of the most promising across the globe. It is well proved that the efforts of the pioneering team are pushing upward the standards of professionalism and excellent service in the industry.
BitMax.io to Launch Margin Trading Contest – The Big Short!
Dear BitMax.io Users, BitMax.io will launch margin trading contest. Details are as follows: 1. Event Time Signup: 8:00 p.m. EDT on October 7th – 8:00 p.m. EDT on October 9th Contest: 8:00 p.m. EDT on October 9th – 8:00 p.m. EDT on October 15th 2. Eligibility Rules 1) Users are required to complete KYC V1 in order to be eligible for participation. 2) Collateral in user’s Margin Account must be in the following forms of stablecoin: USDT, USDC, and PAX. 3. Terms & Conditions During the event, Top 20 users ranked by margin trading return will be eligible to share the reward per following schedule: https://preview.redd.it/93lbmz9z0op31.png?width=1186&format=png&auto=webp&s=0a24403e94e9e1c672c203f4cb9d100f995515c7 1) For users with the same margin trading return, the one with earlier or first signup will rank higher. 2) Reward will be distributed within 7 business days after the conclusion of the contest. Trading Contest Elimination Rules 1) During the contest, participants can only borrow non-stablecoins for shorting. The system will monitor their borrowed asset in Margin Account on an hourly basis. If the borrowed asset with non-stablecoins > 0 in Margin Account, the participants will be automatically eliminated from the contest . 2) During the contest, participants with accumulated margin trading volume < 2,000 USDT will be automatically eliminated. 3) During the contest, participants who transfer any assets out from Margin Account will be automatically eliminated. 4) During the contest, users with Net Asset ≤ 0 in Margin Account will be automatically eliminated. 5) Participants eliminated from the contest will not be eligible for any reward. 4. Invite Friends & Both Get Point Card Reward After signup, users can invite friends to register and participate in the event through the personal referral link. For each referral with successful participation, both the user and the Referral(s) will be eligible for the reward of a point card (worth 5 USDT). Point cards can be used for margin interest repayment. Note: If the user is disqualified during the contest, both the user and the Referral(s) will not be eligible for the point card reward. 5. Share BTMX Reward Pool for Correct Prediction of Daily Top Trader Users who pass KYC V1 verification can pay BTMX to predict the daily top trader among all Top 20 users ranked by margin trading return with the highest next-day return. Users who correctly predict the daily top trader will be eligible to share the BTMX reward pool. Details are as follows: 1) Users need to pay 10 BTMX at the minimum for each prediction round. There are no limits regarding the number of traders whom a user can make prediction on or the number of prediction rounds. Prediction cannot be cancelled once made. 2) The users with correct prediction will receive full refund of the BTMX payment. They will also be eligible to share 90% of the reward pool proportionally based on their prediction amount. 3) The rest 10% will be regarded as BTMX consumption, with 5% subject to permanent lock-up and 5% used for release; 4) Users can only make prediction on Top 20 traders of the same day by trading return. If the trader with the highest next-day return is not one of the Top 20 traders for the previous day, all BTMX paid for prediction will be regarded as consumption; 5) It is counted as ONE day from UTC 0:00 to UTC 24:00 (8:00 p.m. EDT to 8:00 p.m. EDT the next day). BitMax.io Margin Trading Guideline Margin trading on BitMax.io is a financial derivative instrument of cash trading. BitMax.io users can leverage their tradable asset for potential higher return on investment. However, they must also understand and bear the risk of potential losses from margin trading. Margin trading on Bitmax.io requires collateral in order to support up to 3x leverage initially. Users do not need to manually request for borrow or return. When users transfer their BTC, ETH, USDT, and XRP assets to their “Margin Account”, all account balances can be used as collateral. Click here to view BitMax.io Margin Trading Rules Note: 1. BitMax.io reserves the final right on the interpretation and adjustment of these Terms and Conditions. For any abusing activities, the users will be disqualified from the event once identified. 2. Reminder: Margin trading allows users to increase buying power to potentially achieve higher return with proper risk management. However, with higher market volatility of digital asset, users may also incur much greater losses with use of leverage. Therefore, users should fully understand the risk of trading on margin before opening a margin account and use caution when trading. Thank you for the continued support. BitMax.io Team September 29th, 2019 Telegram Group: https://t.me/BitMaxioEnglishOfficial
Does the 25k day trading rule apply if I do not use margin?
I finally decided to try to make some money off bitcoin (I'm very aware that I do not own my coins on RH) and was very happy with RH's no fee set up. I just recently became aware of the 25k-no day trading rule. If I understand correctly, this only applies to people who trade with margin. Does this mean I am free to buy/sell crypto with the money I have funded my account with, as long as I never use margin? I just wanted to test things out with $100, so am I able to do same day buy/sells with the full $100 without getting my account locked? It hasn't come up yet, as I've had to wait over 24 hours with each trade before it was profitable, but wanted to get ahead of it before I got serious. If anyone has advice as to how I can prevent using margin accidentally, or just general RH tips, I would appreciate that as well.
Crazy! 1 margin, long vs short 4 native tokens, only on BitMax.io!
BitMax.io will upgrade the margin trading function with new rules at 2:00 a.m. EDT on May 7th. As part of this upgrade, BTMX max leverage for margin trading will be adjusted down to 3X. The implementation details are as below.
Adjustment of BTMX max leverage to 3X
Post the upgrade, BTMX max leverage will be adjusted down to 3X. Within 24 hours post the upgrade, forced liquidation will NOT be triggered and executed for any existing Margin Accounts with (Net Asset – Effective Initial Margin) < 0. For the margin accounts with (Net Asset – Effective Initial Margin) >= 0, they will be subject to the new margin trading rules immediately with no exemption from forced liquidation. After 24 hours (Starting from 2:00 a.m. EDT, May 8th), the new margin trading rules will be implemented on all accounts with no exception. So, for users with higher leverage ratio especially in BTMX, please consider reducing overall margin exposure within 24 hours post the upgrade to avoid unnecessary losses.
10% haircut will be applied for BTMX under lock-up status when used as collateral for margin trading.
When BTMX lock-up request causes the Net Asset of Margin Account lower than Effective Minimum Margin, the system will reject the lock-up request.
For the purpose of illustration, Interest Owed is set as 0 in the example above.
When current Net Asset of Margin Account is lower than EIM, users cannot borrow more funds.
When current Net Asset of Margin Account exceeds EIM, user can place new orders. However, the system will calculate the impact of new order on the Net Asset of Margin Account based upon the order price. If the newly placed order will cause the new Net Asset of Margin Account to drop below the new EIM, the new order will be rejected.
Update of Effective Minimum Margin (EMM) for the account
Margin Trading Rules. There are a few margin trading rules that you need to abide by in all your margin-based trades. Although, the number of these rules is limited, however, if you fail to comply with these rules, there could be a lot of potential damages to you monetarily. Content: 1. General 2. Interest Rates & Repayment Rules 3. Repayment/ Rules for Bonus Repayment 4. Risk Control& Margin Trading Insurance Fund 5. Trading Behavior 6. Margin Trading Glossary 7. Margin Trading 8. Additional Terms 1. General 1.1 These rules are formulated under a lawful, fair and transparent way to mainta The Financial Industry Regulatory Authority (FINRA) rules define a day trade as “The purchasing and selling or the selling and purchasing of the same security on the same day in a margin account.” New Margin Trading Rule by SEBI. The Securities and Exchange Board of India (SEBI) gave out guidelines pertaining to Margin trading (which account for nearly 90% of the daily turnover of the stock market), which has not been welcomed by the brokerage firms with open arms. These rules will put an end to intraday trading and turnover generated ... Margin trading entails greater risk, including, but not limited to, risk of loss and incurrence of margin interest debt, and is not suitable for all investors. Please assess your financial circumstances and risk tolerance before trading on margin. Margin credit is extended by National Financial Services, Member NYSE, SIPC.
New margin rules by SEBI New Margin Requirements for ...
Margin involves the borrowing of funds for higher leverage in your trading account and it is imperative that a trader understands the guidelines and calculations required to manage one’s account. In light of the dangers inherent in using margin, day-trading rules prohibit U.S.-regulated brokers from providing margin greater than 4:1 (i.e., a multiple of four times your money) for any ... What is margin trading? What is a margin? What is the difference between a cash account and a margin account? In episode #34 of Real World Finance we dive de... SEBI NEW MARGIN RULES SEBI NEW MARGIN RULES FOR INTRADAY TRADING ( 03 AUG 2020 ) DISCIPLINE, PATIENCE, SUCCESS. Contact: Manoj Dutta (NSE Certified "OPTION TRADER"). For Training inquiry & SHARE ... New Margin Requirements by SEBI QnA Applicable from 1st August 2020 Q : How does new margin rules will impact on short-term / intraday traders? Q : How will margin be collected in case of intra ...