BYBIT, the world’s second largest cryptocurrency exchange by volume, has introduced the Spot Margin Trade for European users of the platform of up to 10x leverage, which is in line with the region’s markets in crypto assets (Glitter) regime.
The service announced on Monday allows users of Austria-based Bybit EU to borrow funds against their existing crypto holdings where they use them as security to buy or sell more assets than their wallet balance would otherwise allow.
For example, a user with $ 100 can borrow additional funds to perform a $ 1,000 trade using 10 × leverage that reinforces both potential gains and losses from small market movements, Bybit said in a press release.
Bedding in Europe’s glitter regimen has seen regulated companies explore a wider range of crypto products. For example, Bitpanda, which is also regulated by the Austrian financial market authority (FMA)introduced 10x spot margin trading at the end of last month.
The BYBIT EU Spot Margin has built -in protective measures such as liquidation control to prevent losses that stop and real -time interest rates, margin requirements and security conditions, active according to active, says the exchange.
“Spot margin trade is a powerful tool – but only when it is paired with transparency, risk training and user control,” said Mazurka Zeng, CEO of Bybit EU in a statement.
