XRP, NEM, CMT mainnet, & Margin Trading on COBINHOOD in October

Mark your calendars, big things are happening on COBINHOOD

We just previously announced COBINHOOD’s ICO partnership with Zeux which COB token-holders will be eligible to receive benefits (stay tuned for the specifics)! But that’s not all, we have several major announcements we want you to know before we launch them on COBINHOOD!

19th October is a good day for all of us. Check out the list below and spread the hype ?

19th October: Major updates on COBINHOOD

A. Margin Trading Wide Release

First appeared on medium

MARGIN TRADING: Multiply and Maximize your Trading Power

With Margin Trading and Funding, users can not only potentially maximize their crypto assets, but also tap into unused funds for greater value addedness. Be it a bullish or bearish market, be it that you are a high- or low-risk trader, our comprehensive margin features will always be your most reliable partner in your crypto world.

Features:

1. Margin Trading: Users can trade more than what you normally would be able to. COBINHOOD offers zero trading fees margin trading with 3x leverage for the following pairs at the initial full launch: BTC/USDT, ETH/USDT, COB/ETH
2. Short Selling: With our short selling feature, you will be able to greatly increase your financing flexibility and enjoy potentially higher returns on investment. COBINHOOD offers 3x leverage for the following pairs: BTC/USDT, ETH/USDT, COB/ETH
3. Margin Funding: Margin funders can provide cryptocurrency funds to margin traders in return for interests earned on the funding amount provisioned. Margin funders can offer funding with 4 cryptocurrencies on COBINHOOD: COB, BTC, ETH, USDT

COB token utility for Margin Trading:

With COB tokens in your COBINHOOD account, in addition to enjoy the zero trading fees, trader can have 50% off margin trading loan interest for COBINHOOD when paying with COB tokens.

Margin Trading campaigns:

Stay tuned for more announcements regarding campaigns that will reward you for doing Margin Trading on COBINHOOD. Your COB points might come in handy, too. ?

To learn more about Margin Trading and Funding on COBINHOOD, watch these tutorials:

MARGIN TRADING TUTORIAL VIDEO

MARGIN TRADING INTRO GUIDE:

https://cobinhood.zendesk.com/hc/en-us/articles/360007538291-Introduction-to-Margin-Trading

MARGIN FUNDING TUTORIAL

MARGIN FUNDING INTRO GUIDE:

https://cobinhood.zendesk.com/hc/en-us/articles/360015555352-Introduction-to-Margin-Funding

⚠️ DISCLAIMER ⚠️

1. In accordance with relevant laws and regulations, residents from the following countries will not be able to access Margin Trading and Funding.
– USA
– Japan
– Taiwan

2. All participants will need to pass account verification level 2 in order to participate.

3. The interest fees of Margin Trading does not have a fixed interest rate. Interest incurred is based on the prevailing market rate.

Have more questions about margin trading? Please contact our Customer Success team

B. XRP (XRP) listing

It’s been a long time coming, but XRP will finally be listed on COBINHOOD at 19th October 00:00 UTC+0

XRP listing on COBINHOOD means you will be able to deposit, withdraw, and trade XRP on COBINHOOD Exchange. Upon listing, XRP/BTC and XRP/USDT trading pairs will be available with ZERO TRADING FEES on COBINHOOD Exchange.

C. NEM (XEM) listing

Similarly, dropping on the same day as margin trading and XRP-listing, is NEM (19th October 00:00 UTC+0), which will allow traders to deposit, withdraw, and trade XEM on COBINHOOD Exchange. Upon listing, XEM/BTC and XEM/USDT trading pairs will be available with ZERO TRADING FEES on COBINHOOD Exchange.

⚠️ DISCLAIMER ⚠️

• DO NOT deposit XEM from multi-signature wallets, or your transaction may be lost or invalid.

• DO NOT deposit XEM through MOSAIC, or your transaction may be lost or invalid.