Ethereum Classic (ETC) now available for margin trading on Poloniex

  • ETC/USD has been growing strongly in recent days. 
  • US-based Poliniex added ETC to its margin trading offering. 

ETC/USD is changing hands at $7.15, off the recent high hit at $8.00. The 17th largest digital asset with the current market cap of $788 million and an average daily trading volume of $568 million has been growing strongly amid a series of positive fundamental developments. ETC gained over 3% in recent 24 hours and nearly 30% on a week-on-week basis.  

Thus, one of the most active cryptocurrency exchanges Polonies launched marginal trading for ETC/BTC for non-US customers. It means that traders with Poloniex accounts outside US can trade ETC against BTC with 2.5 leverage.  

This is the first addition to Poliniex marginal trading offering since the company’s acquisition by Circle in 2018. Though the exchange plans to add more tokens and base pairs for margin trading in the future.  

“We are expanding the tokens available for margin as part of our effort to make Poloniex one of the most innovative exchanges in the world,” the company wrote in the blog post.

Also, ETC is now a part of Poplniex lending solution, which means that the customers now can earn interest by lending their ETC coins to other users. 

ETC/USD, 1D chart

BEST BROKERS TO TRADE CRYPTO

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.