What is BingX Loan BingX Loan is a financial service that offers user funds to meet short-term liquidity needs. With this service, you can borrow funds without selling your cryptos. By pledging your crypto and paying interest, you can borrow hot tokens like BTC, ETH and XRP, or stablecoins like USDT and USDC.
Advantages Ultra-Low Interest Rates: Enjoy competitive ultra-low interest rates with hourly interest calculations and the flexibility to repay anytime. Flexible Allocation: Borrowed funds can be used for various platform features such as Spot Trading, Futures Trading or Wealth product subscription. You can also withdraw the borrowed funds for use outside the platform.
Example Scenario User A holds a BTCUSDT long position in Perpetual Futures and also has ETH Spot assets. If the BTCUSDT price drops and there is insufficient margin for the Perpetual Futures position, User A can pledge their ETH Spot assets to borrow USDT. The borrowed USDT can then be transferred to the Perpetual Futures Account to increase the margin and prevent liquidation. When the BTCUSDT price increases, User A can transfer the USDT from the Perpetual Futures Account to the Fund Account to repay the borrowed principal and interest. 🔗🔗🔗🔗🔗🔗🔗🔗🔗🔗 https://bingx.com/invite/GV17FZ/ @coinorz
What is BingX Loan BingX Loan is a financial service that offers user funds to meet short-term liquidity needs. With this service, you can borrow funds without selling your cryptos. By pledging your crypto and paying interest, you can borrow hot tokens like BTC, ETH and XRP, or stablecoins like USDT and USDC.
Advantages Ultra-Low Interest Rates: Enjoy competitive ultra-low interest rates with hourly interest calculations and the flexibility to repay anytime. Flexible Allocation: Borrowed funds can be used for various platform features such as Spot Trading, Futures Trading or Wealth product subscription. You can also withdraw the borrowed funds for use outside the platform.
Example Scenario User A holds a BTCUSDT long position in Perpetual Futures and also has ETH Spot assets. If the BTCUSDT price drops and there is insufficient margin for the Perpetual Futures position, User A can pledge their ETH Spot assets to borrow USDT. The borrowed USDT can then be transferred to the Perpetual Futures Account to increase the margin and prevent liquidation. When the BTCUSDT price increases, User A can transfer the USDT from the Perpetual Futures Account to the Fund Account to repay the borrowed principal and interest. 🔗🔗🔗🔗🔗🔗🔗🔗🔗🔗 https://bingx.com/invite/GV17FZ/ @coinorz
BY Coinorz
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Given the pro-privacy stance of the platform, it’s taken as a given that it’ll be used for a number of reasons, not all of them good. And Telegram has been attached to a fair few scandals related to terrorism, sexual exploitation and crime. Back in 2015, Vox described Telegram as “ISIS’ app of choice,” saying that the platform’s real use is the ability to use channels to distribute material to large groups at once. Telegram has acted to remove public channels affiliated with terrorism, but Pavel Durov reiterated that he had no business snooping on private conversations. At the start of 2018, the company attempted to launch an Initial Coin Offering (ICO) which would enable it to enable payments (and earn the cash that comes from doing so). The initial signals were promising, especially given Telegram’s user base is already fairly crypto-savvy. It raised an initial tranche of cash – worth more than a billion dollars – to help develop the coin before opening sales to the public. Unfortunately, third-party sales of coins bought in those initial fundraising rounds raised the ire of the SEC, which brought the hammer down on the whole operation. In 2020, officials ordered Telegram to pay a fine of $18.5 million and hand back much of the cash that it had raised. NEWS The SC urges the public to refer to the SC’s I nvestor Alert List before investing. The list contains details of unauthorised websites, investment products, companies and individuals. Members of the public who suspect that they have been approached by unauthorised firms or individuals offering schemes that promise unrealistic returns The last couple days have exemplified that uncertainty. On Thursday, news emerged that talks in Turkey between the Russia and Ukraine yielded no positive result. But on Friday, Reuters reported that Russian President Vladimir Putin said there had been some “positive shifts” in talks between the two sides.
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