#OKEx adds #XRP, #Litecoin [#LTC] with Bitcoin [BTC] for margin trading during XRP price-rally
OKEx, a popular cryptocurrency platform announced that it has launched pairs of Bitcoin/XRP [BTC/XRP] and Bitcoin/Litecoin [BTC/LTC] for margin trading in public interest. The trading will be live for the users from 7:00 UTC today. “NEW MARGIN TRADING PAIRS: To meet the public demand, we will open the margin trading pairs XRP/BTC and LTC/BTC from 08:00 Nov 6, 2018 (CET).” Margin trading does not take place as regular trading does, where an investor buys and sells an asset with one’s own purchasing power. Rather, margin trading allows one to borrow loan from a broker or purchase stock to boost the purchasing power. Furthermore, this kind of trading also needs a separate margin account. However, OKEx put forth a disclaimer for its users and wrote: “As a friendly reminder, margin trading involves borrowing funds to increase your purchase power. It confers a higher profit potential but also greater risks. You are suggested to carefully evaluate your intended investments in light of your knowledge, experience, financial positions and objectives.”
About Ripple's (XRP): Built for enterprise use, XRP offers banks and payment providers a reliable, on-demand option to source liquidity for cross-border payments. Using XRP, banks can source liquidity on demand in real time without having to pre-fund nostro accounts. Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. XRP consistently handles 1,500 transactions per second, 24x7, and can scale to handle the same throughput as Visa. XRP's five-year track record of stable technology and governance makes it ready for institutional and enterprise use.
Ripple’s (XRP) can be bought with fiat dollars, debit and credit cards on cryptocurrency exchanges such as CEX.io and Changelly.com and it can be bought with cryptocurrency on exchanges such as CoinEx, Binance, and HitBTC.
XRP is the 3rd largest cryptocurrency by market cap size. Its market cap is currently $21,702,534,403 and it has a circulating supply of 40,205,513,967 XRP. It's up 11.33% over the past 24 hours and is currently trading at $0.539790
