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ROAD TOWN, British Virgin Islands, February 18, 2021, 10:00 AM UTC – Bitfinex, a state-of-the-art digital token trading platform, has launched Increase Position and Bitfinex Borrow features for paper trading, enabling users to explore and better understand these features in a simulated market environment without the use of real funds.
Users can now choose the Increase Position feature to create or increase a margin position, adding exposure without the need for additional trading, in their paper trading sub-accounts. This allows users to maintain their exposure to a digital token such as bitcoin while adding liquidity to their portfolio which could then be used for further trading strategies.
Users who access Bitfinex Borrow with their paper trading sub-account can now obtain loans of up to 70% of the value of their TESTUSD holdings in TESTBTC and vice versa.
“These additions to paper trading will help our users be more familiar and confident with the Increase Position function as well as Bitfinex Borrow,” said Paolo Ardoino, CTO at Bitfinex. “These new features further demonstrates our commitment to keeping our growing community of users educated and informed.”
Paper Trading is a feature available on sub-accounts. For additional information on the paper trading feature, please visit our knowledge base: Paper Trading – test, learn and simulate trading strategies.
Important Notes
Nothing in this post is financial, investment or other advice. Nothing in this post is an offer to borrow or lend or the solicitation, recommendation or endorsement of any course of borrowing or lending. Any references in this post to returns are only hypothetical and not guaranteed.
About Bitfinex
Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for digital token 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 financed trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers around the world. Visit the website to learn more.
