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
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.
- 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
- 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
- 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:
MARGIN FUNDING TUTORIAL
MARGIN FUNDING INTRO GUIDE:
⚠️ 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.
SVD TRADING CONTEST PARTS 1 & 2: Redemption period begins
After several days of checking the validity of participants, official winners will be able to redeem their rewards for both part 1 and part 2 of the SVD Trading Contests on COBINHOOD. Be reminded that for winners to redeem rewards, winners must have level 2 verified COBINHOOD Exchange accounts before the redemption period ends. Failure to comply to this requirement will forfeit the winner’s right to claim the reward.
So before 19th October, make sure to get your COBINHOOD account verified to level 2.
REMINDER: 15th October is CMT mainnet swap on COBINHOOD
As announced, the CMT (ERC20) to CMT (mainnet) swap will go live on COBINHOOD on 15th October 00:00 UTC+0.
On this day, users with CMT (ERC20) in their COBINHOOD Exchange account will find the same amount of swapped mainnet CMT tokens. The CMT mainnet tokens, along with its depositing, withdrawing, and trading functions will also be back on 15th October, and the available trading pairs will still be CMT/BTC, CMT/ETH, CMT/USDT, and CMT/COB.
After this swap, COBINHOOD will no longer support the ERC20-CMT.
REMINDER: 12th October
GAS airdrop for NEO holders on COBINHOOD
Users who hold NEO on COBINHOOD Exchange should receive their GAS today, 12th October. Users don’t need to do anything as it will be automatically deposited into your account.
KICK AMA Rewards redemption
Participants of the KICK Flash AMA can now redeem KICK rewards starting today until 1st November by logging into your COBX account and going to the Prize Portal 👉 https://cobinhood.com/campaign/prize-portal
Thank you all for participating and watch out for more FLASH AMA bounties on COBINHOOD’s official Telegram: https://t.me/cobinhood
WATCH THE KICK AMA to learn more about KICKICO: