KuCoin adds margin trading market for Stellar Lumens

Fast growing exchange, KuCoin has enabled margin trading for XLM.

KuCoin will also be doing a trading competition from 3rd July 7PM – 10th July 7PM UTC +8. Anyone who trades XLM/USDT or XLM/BTC in margin trading market will be able to earn share quota of a 3000 USDT prize pool.

Here are criterias:

  • If trading volume > 100 USDT, you get get 1 share quota
  • If trading volume > 500 USDT, you get get 5 share quotas
  • If trading volume > 1,000 USDT, you get get 10 share quotas
  • If trading volume > 2,000 USDT, you get get 20 share quotas

You will also need to fill this form to register for their margin trading competition. If you qualify, you will get the rewards directly to your margin trading account within 7 days after activity which ends on July 10th 2020.

Also, you must not be participating in any other event and if you do, you will be automatically disqualified.

As XLM becomes a mature trading asset, more and more cryptocurrency exchanges are enabling margin trading for it. Binance also added margin trading market for XLM couple of months back. Margin trading lets you multiply your profits but then, risks are higher as well.