Bitbns introduces margin trading for cryptocurrencies, starts with Ripple (In Hindi)

Indian cryptocurrency exchange Bitbns has introduced margin trading for cryptocurrencies in India for the first time. Lenders can lend cryptocurrencies to borrowers and earn interest, whereas borrowers can get leverage to perform higher value trades. Currently, margin trading is available only on Ripple (XRP) and Bitbns has stated that it might introduce more crypto assets soon. The lender interest rate is kept at 0.055% and the current lending periods are 1, 3 , 7, 15 and 30 days. Currently, Bitbns is offering 1x leverage for borrowers, meaning that if you have 100 XRP, you can only borrow 100 more XRP. Margin lend and borrow orders have already started on Bitbns and right now there is no additional charge being levied on margin trading. We recommend that only experienced traders participate in margin trading since it is a highly speculative play. Retail investors should stay away from margin trading since they risk losing all their initial capital. I am not an expert margin trader. This video is only meant to provide information and does not constitute as investment advice. Also, this video is not an endorsement for Bitbns. References: Bitbns announcement: https://twitter.com/bitbns/status/980842887603568640 Introducing Digital Assets Margin Trading in India: https://medium.com/bitbns/introducing-digital-assets-margin-trading-in-india-355a97a034c9 Follow Crypto Dost on Twitter: https://twitter.com/TheCryptoDost For enquiries, write to [email protected] Disclaimer: Please keep in mind that I have made this channel to share my experiences in the cryptocurrency market. I am not a professional financial advisor and the information provided is solely for educational purposes. Consult your own financial advisors and do your own research before investing in cryptocurrencies. Investing in cryptocurrencies is inherently risky and you can also lose all the amount you invested. Only invest the amount you can afford to lose. The channel shall not be liable to the viewer for any damages, claims, expenses or losses of any kind (whether direct or indirect) suffered by the viewer from or in connection with the information obtained on this channel.