Since launching Monero (XMR) on January 2nd, trade volumes have been steadily increasing and we are ready to enable margin trading for Monero pairs.
Which currency pairs and leverages are available?
- XMR/XBT: 2x,3x
- XMR/USD: 2x
- XMR/EUR: 2x
What are XMR borrow limits?
XMR borrow limits depend on the verification level of the account as follows:
- Tier 1: 100 XMR
- Tier 2: 1000 XMR
- Tier 3: 1500 XMR
- Tier 4: 3000 XMR
What are the margin fees?
- Margin open fee = 0.02%
- Rollover fee = 0.02% / 4 hrs
XMR is not a collateral currency
Please note that XMR will not be a collateral currency. This means you cannot open margin positions against the value of your XMR balances. For this reason, you should always maintain adequate balances of other collateral currencies to maintain your margin positions.
Why do traders like margin trading?
It allows you to leverage your account for greater profits, while also assuming greater risk. If you are unfamiliar with margin trading and how it works, you can learn all about it by visiting the two sections on margin trading in our Support Center.