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EXMO, the established cryptocurrency exchange player with over four years of successful trading experience, has announced the launch of the EXMO Coin crowdsale to support the ambitious goal of adding a Margin Loan service to its platform.
EXMO has made an official release statement of their plan to introduce margin loans as the key feature of their platform, which will allow traders to earn more on currency fluctuations by borrowing extra funds. This will bring a whole new way of trading to over 700,000 loyal traders around the globe and numerous new ones, enabling them to trade cryptocurrencies on a bigger scale than they would be able to afford with their existing money.
If unaccustomed to the traditional stock exchange term, under a margin loan one borrows funds from a broker to buy or sell stock. EXMO will be currently offering 1:2 leverages for a margin loan on the most popular BTC, ETH, and USD order books. More options will come in the future as the demand for the service will increase.
In order to cover the traders’ demand for margin loans, as well as to enable the overall platform development, EXMO will attract additional investment capital by issuing its very own token called EXMO Coin (EXO).
At the core of the upcoming crowdsale is the principle of giving the already profitable platform an additional boost for rapid development. EXMO representatives claim that half of the investment raised through the crowdsale will be used to cover the increasing demand for margin loans, and another quarter will be put into the Read More Here