To increase the range of assets available, KuCoin’s Margin Trading platform now features a trading pair and asset called OpenDAO (SOS).
Margin trading on KuCoin: how does it work?
KuCoin Margin, a cryptocurrency margin lending platform developed in 2019, allows users to borrow tokens in order to boost investment returns. There are currently 75 tokens supported, with 99 available margin pairs. In addition to supporting 19 languages, KuCoin Margin provides a global margin trading platform that meets the needs of their international users
Details of the new margin trading pair:
New Margin Asset: SOS
New Borrowable Asset: SOS
New Margin Pair: SOS/USDT
🎁Bonus 1: Exclusive Bonus for KuCoin Margin Traders! Share a 25,000 USDT prize pool and enjoy 88 USDT airdrops! Learn More
🎁Listing Bonus 2: To celebrate the new listing, KuCoin has randomly placed coupons into traders’ accounts.
*How to claim: Trading interface > Get Bonus
*Coupons can be used to borrow funds at 0 interest for long or short in Margin Markets, and only through the coupon interface.
*How to use: Click Coupon > Transfer > Borrow > Trade
What are the steps to close margin positions on KuCoin?
A trader can decide whether to close their positions with a limit order or a market order. As an example, you would enter the limit price when closing a position using a limit order before you click the “Sell/Short” button.