Multiple Margin Borrow — Your money, your way.

Hey folks,

Today we are introducing a brand new update to Margin Trading that is much more than just exciting. It adds to the utility and basically makes more sense for any kind of cryptocurrency trader.

Allow us to reveal

Multiple Margin Borrow

What changes:

Earlier

Traders could borrow only once, and could not take a second loan until they settle the first loan, even if they borrowed less than the loan amount they were eligible for.

For example — if a trader is eligible to borrow upto 1000 XRP, but they borrow only 600 XRP, they were not allowed to take another loan of 400 XRP, in parallel with the first loan of 600 XRP. Once they settle the loan of 600 XRP, they are again eligible for 1000 XRP.

Now

Traders can take multiple loans upto the loan amount they are eligible for.

For example — if a trader is eligible to borrow upto 1000 XRP, they can place multiple borrow orders of different values, like two borrow orders of 600 XRP and 400 XRP or three borrow orders of 300 XRP or five borrow orders of 200 XRP each — and so on in similar fashion.

Another Example: If the borrowable limit is around 75000 INR. In such a user can also borrow two or more cryptocurrencies as well on margin upto 75K. i.e a user can borrow XRP worth 50,000 in parts or whole, TRX worth 20,000 in parts or whole and 5,000 worth BTT in parts or whole.

Note: Borrowable limit is dependent on user to user, based on certain factor such as ratings, settlement of loans on time and few other.

We believe this adds to the flexibility in borrowing and allows traders to trade in a much more strategic way.

Best Regards

Team Bitbns

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