HitBTC Now Offers Margin Trading, iOS Application Released ...

XMR, NEO & VET now live on Margin Trading!

Dear Traders,
Even more trading pairs are now live for Margin Trading.
Get up to 10x leverage on the following pairs with BTC and USDT: XMR, NEO & VET
Access margin trading at: https://hitbtc.com/margin
submitted by Hitbtc_Team to hitbtc [link] [comments]

Margin Trading is here! An exciting new feature on HitBTC!

We are pleased to introduce the margin trading tool finally implemented on our main platform. Now, advanced users can trade at up to x10 leverage with the capability of boosting their gains in a much shorter period of time.
Margin trading works with all the order types supported by HitBTC and gives users access to more complex trading strategies. The list of crypto pairs available for margin trading includes BTC/USDT, ETH/USDT, BCH/USDT, XRP/USDT, ETH/BTC, BCH/BTC and XRP/BTC.
Try out margin trading to expand your market activity beyond your current limitations.
To learn more details about how to get started please follow this link: https://blog.hitbtc.com/hitbtc-introduces-margin-trading-on-the-main-platform/
submitted by Hitbtc_Team to hitbtc [link] [comments]

New pairs available on our margin trading feature!

Great News!
More trading pairs have now been added to our new margin trading feature, find out more: https://blog.hitbtc.com/hitbtc-introduces-margin-trading-on-the-main-platform/
Get up to 10x leverage on the following pairs with BTC and USDT: EOS, TRX, LTC, ETC, ADA
And 5x leverage on: BSV, ZEC, DASH, XLM
Try out margin trading on HitBTC today, visit: https://hitbtc.com/margin
submitted by Hitbtc_Team to hitbtc [link] [comments]

Binance, HitBTC, etc., Market Maker Pitch: How To Get Rich Online

As a follow-up to this:
https://hackernoon.com/making-markets-moving-crypto-free-and-open-source-binance-9bcea607e57b
https://github.com/DunnCreativeSS/binanceMarketMaker
https://github.com/DunnCreativeSS/hitBTCMarketMaker
Elevator Pitch
Market making on Deribit and BitMex failed because it counted on the market to remain more or less stagnant on the 0.25$ step. We’re now looking at automating two market making strategies for smaller volume, higher spread pairs.
Market Maker Trader
We buy just above the highest bid and sell just below the lowest ask. We repeat this process, using a fraction of account balance in base pairs, until we see the net profits as price fluctuations cancel each other out in the approaching infinity sense - while we soak up profits from the spread itself in the ‘relative orders’ strategy.
Conversationally, and not coded yet, is the ‘staggered order’ strategy, where you pick a maximum and minimum price for that pair and then stagger orders up and down the order book to buy and sell along set intervals.
Resources: Would need servers close to different exchanges.
Scalability: More coins; more scale
Pros: I’ve had .57 bitcoin volume on my deposit of $18 worth of coins on the ‘relative’ strategy in the last 24 hours, while sustaining about -0.5% growth. There are other exchanges (some with margin) where we can reproduce the bot, like bitfinex/ethfinex who have a market maker rebate paid monthly in their proprietary coin, or liquid who has a market maker rebate on pairs that were previously on qryptos
Add’l pros: on Binance I can effect a 20% or 40% income on fees via my referral link, on HitBTC the affiliate program is on pause but I may eventually be able to effect 75% - although the potential gains from HitBTC affiliate are less as there will eventually be a 0% or rebate on the maker fees
Cons: To prove profitable on Binance or HitBTC, you’d need to eliminate the fees or effect a market maker rebate. On Binance this involves volume as well as holding BNB - while still paying some fees, while on HitBTC that only involves building volume first - effecting 0% maker fees then 0.01% rebate. hitbtc dot com slash fee-tier binance dot come slash en/fee/schedule On HitBTC there’s also a market making program hitbtc dot com slash mm.
To Prove for Viability
Consistent over all types of markets, but identify when it does better
In the long run, price volatility helps the ‘staggered’ strategy more than it does the ‘relative’ strategy
Less volatility but still having volume, there will be gains from the ‘relative’ strategy
The potential loss is 1. Fees 2. Grabbing a coin that immediately dies, inclusive.
If you’re to eliminate fees or effect a fee rebate, this risk goes down
If you automate many pairs you lessen the negative effect of grabbing a coin that dies
Conversationally, a stop loss can be created to further lessen this risk
Sunk costs of dev
None - need to code the ‘staggered’ strategy, which I can do
Scalability given current market liquidity and volume
On exchanges like Binance or HitBTC, with many coinpairs that have significant volume, we can scale indefinitely
The bot currently checks the average volume per base asset, then the spread of a given pair, and enters only into those markets that meet the minimum and maximum volumes and target spread, as well as a minimum order quantity and maximum order quantity (to avoid sh#tcoins)
In base: market pair: volume in base, that looks like this:
{ BTC: { XDNBTC: 69.3393775486, VETBTC: 42.606415325 },
TUSD: { NXTUSD: 67247.7248096, TNTUSD: 53891.073732 },
MUSD: { QTUMUSD: 2545776.043225 },
NUSD: { XDNUSD: 280614.7629689 },
DUSD: { MAIDUSD: 54019.8292817 },
ETH:
{ ICXETH: 589.145211656,
NXTETH: 266.992269315,
REPETH: 616.456689351,
ONTETH: 5359.788369161,
NTKETH: 197.416308344,
KBCETH: 355.311810444,
ROXETH: 311.845628547 },
BUSD: { DGBUSD: 2445.14526651 },
GUSD: { BTGUSD: 141765.29622322 },
UUSD: { QNTUUSD: 29.4731369 },
PUSD: { ETPUSD: 68.5015549, ZAPUSD: 40.1461164 },
YUSD: { DAYUSD: 338.8757426, BERRYUSD: 248.9052084 },
QUSD: { STQUSD: 6039.7474451 },
IUSD: { WIKIUSD: 10575.2656811 },
FUSD: { ELFUSD: 14.04120135 },
URS:
{ ETHEURS: 2486.24206583,
LTCEURS: 1485.789705,
XMREURS: 2807.0239136 },
'0USD': { POA20USD: 20.1087685 },
EOS: { LSKEOS: 39.06901764 },
RWB: { BTCKRWB: 44.82036 } }
Forward Tests
This strategy was first coded about 48 hours ago on Binance. It lost about 0.5% in one day, and had 0.46 BTC in volume.
https://imgur.com/qEyq1ZB
The second iteration was on HitBTC, and as of about 10-12 hours ago has 0.12 BTC in volume (across many smaller orders, instead of the test version on Binance risking everything on one pair).
https://imgur.com/U6p4pX6
It’s lost about 0.23% in that time:
https://imgur.com/xEk6xe4
My calculations, based on losing 0.5% a day on average with entry level fees and based on HitBTC’s 0% maker fee after 1500BTC in 30-day volume, indicate that after a certain amount of time while trading a certain balance we can effect 0% fees, and therein effect profits:
https://imgur.com/HFQjgl0
This is not including the chance we can get market maker benefits or the 0.01%
rebate after 6000 BTC volume.
https://imgur.com/80ifssM
https://imgur.com/o5mpKYc
Conclusion
With enough volume anything is possible.
submitted by BasketballMan23 to CryptoMarkets [link] [comments]

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HitBTC, one of the leading digital asset exchanges in terms of market liquidity and trading pairs, has rolled out margin trading for its main platform. This new feature allows users to open ... HitBTC is a centralized cryptocurrency exchange located in Hong Kong. It currently has a 24-hour trading volume of $664,527,840 from 377 coins and 866 trading pairs. HitBTC is established in year 2013. More information about HitBTC exchange can be found at hitbtc.com Currently, to get a taste of crypto margin trading, HitBTC is offering a leverage rate of up to 10 for seven markets (BTC/USDT, ETH/USDT, BCH/USDT, XRP/USDT, ETH/BTC, BCH/BTC, XRP/BTC), meaning that users have the chance to raise their capital gains tenfold. Update: New pairs added to our new margin trading feature! Enjoy up to 10x leverage on ... HitBTC, a popular cryptocurrency exchange in the industry, has added what it calls margin trading for up to x10 leverage for those trading on its main platform, according to a press release. “This new feature allows users to open positions of a larger size with a smaller initial deposit by using additional funds that are provided by a margin lender and ensured by a certain percentage of the ... HitBTC Now Offers Margin Trading, iOS Application Released Admin. July 17, 2020 . 0 ...

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What are the most traded currency pairs?

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