Weeks After Bitcoin’s Record Deleveraging, Bithumb Launches 5x Margin Trading

Cointelegraph | Apr 7, 2020 at 1:34 PM
  • Major South Korean exchange Bithumb has launched leverage trading for Bitcoin (BTC) and Ether (ETH) on its global platform.
  • Skew estimates that before the crash, roughly $4 billion worth of open leveraged BTC positions were open on Deribit, CME, FTX, Bitfinex, Huobi, Bakkt, OKEx, Binance, Kraken, Bybit and BitMEX combined in the run-up to the crash.
  • Margin trading has initially been launched for just two pairings — BTC/USDT and ETH/USDT.