The Ripple and XRP community should be vibrant for recent events. Days after launching xVia and testing them with a second Malaysian company, COBINHOOD, an exchange that is well known for offering zero-fare trading now supports XRP.
This is appreciated enough for a currency that is working overtime to ensure that there is enough liquidity while embarking on a global record ensuring that their services are accessible at all levels. Ripple efforts to promote and create various avenues through which investors can channel their hard earned investments is part of why XRP has increased by 10 percent in the last month. Following these trends, we expect further increases before the end of the year.
While he was making the announcement, Wei-Ning Huang, co-founder and CTO of COBINHOOD said:
"We are excited to officially present our margin trading function as we continue to improve and expand the COBINHOOD platform. Unlike other cryptocurrency exchanges, at COBINHOOD we are constantly innovating our features and services to support traders. We are looking forward to improving the COBINHOOD platform and offering innovative features that will allow the industry to move forward as it grows"
CobinHood now supports the deposit, withdrawal and margin trading of some coins excluding XRP. In the future, zero-exchange trading will offer support for XRP / USDT and XRP / BTC, but 3X margin trading will be offered for BTC / USDT, ETH / USDT, ETH / BTC and COB / ETH. With margin trading, users who wish to trade can easily trade more than they normally would by trading up to three times the amount deposited by the exchange and then reimbursing them with interest.
Along with an initiative called Margin Trading Golden Mission which will take place from 19 to 19 December, participants who complete the minimum threshold of CobinHood for margin transactions and marginal funding offers will automatically qualify for their lottery program. , Candy Machine and receive free COB tokens.