Bitfinex launches Increase Position & Bitfinex Borrow features to Paper Trading
By Pavithra R
Bitfinex, a digital asset trading platform offering state-of-the-art services for digital currency traders and global liquidity providers, has launched Increase Position and Bitfinex Borrow features for paper trading, to enable users to explore and better understand these features in a simulated market environment without the use of real funds.
Paper Trading is a feature available on sub-accounts. It is a market simulator where users can develop their trading strategies. Through paper trading, users can learn and strategise on exchange, margin and derivatives trading.
With the feature upgrades, users can now choose the Increase Position feature to create or improve a margin position, adding exposure without the need for additional trading in their paper trading sub-accounts. This allows users to maintain their exposure to a digital token such as bitcoin while adding liquidity to their portfolio, which could be used for further trading strategies. Also, users who access Bitfinex Borrow with their paper trading sub-account can obtain loans of up to 70% of the value of their TESTUSD holdings in TESTBTC and vice versa.
“These additions to paper trading will help our users be more familiar and confident with the Increase Position function as well as Bitfinex Borrow. These new features further demonstrates our commitment to keeping our growing community of users educated and informed,” said Paolo Ardoino, CTO at Bitfinex.
Founded in 2012, Bitfinex’s mission is to give our users the ultimate cryptocurrency trading experience. Besides its suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer (P2P) financing, an OTC market and financed trading for a various digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers worldwide.
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