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ROAD TOWN, British Virgin Islands, November 25, 2020 – Bitfinex, a state-of-the-art digital token trading platform, has launched Increase Position, enabling traders to free up liquidity while in leveraged positions.
The advanced trading feature complements Position Claim, which allows users to settle a leveraged position using funds in their margin wallet. The Increase Position feature allows users to create or increase a margin position, adding exposure without the need for additional trading.
“Increase Position is the perfect feature for sophisticated traders that want to maximize their portfolio management strategies. Increase Position enables users to enter or extend margin positions and obtain access to a variety of borrowing options.”
– PAOLO ARDOINO, CTO AT BITFINEX
Increase Position allows users to maintain their exposure to an asset such as bitcoin while adding liquidity to their portfolio which could then be used for further trading strategies. The additional borrowing could also be removed from the platform. As this feature is a transfer between wallets/positions, it also reduces the chances of operational errors and the accumulation of trading fees.
About Bitfinex
Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for digital currency traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for professional traders and liquidity providers around the world. Visit Bitfinex’s Website to learn more.
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Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
