Ethereum Classic Market Report: Bitfinex Launches ETC Pairs with 3.3x Margin
Bitfinex launches ETC pairs with 3.3x margin. Ethereum Classic is down -8.40% on the day and up 112.77% on four days on a last price of 0.00286000. ETC/BTC is trading between a 24hr high of 0.00323149 and a 24hr low of 0.00186000 on a 24hr volume of 50295.80 BTC or 20510748.36 ETC. The weekly trend is mixed.
|last price||$ 1.87|
|4 days ago||$ 00.88|
Bitfinex Launches ETC Pairs with 3.3x Margin
One hour ago Bitfinex tweeted “Bitfinex.com @bitfinex 1h 1 hour ago
ETCBTC and ETCUSD Margin trading is live!!! Margin funding for ETC has been enabled as well:”
Margin trading for the the ETC pairs ETCBTC and ETCUSD is now live! The Margin funding feature has also been enabled allowing users to place ETC margin funding offers and bids.
Margin requirements for ETC trading are identical to those of BTC, LTC, and ETH: 30% initial margin (3.3x leverage) and a 15% maintenance margin requirement. Positions on ETC pairs can be backed with BTC, USD, ETH and/or ETC.
Please note that we cannot extend ETC margin trading privileges to our US-based customers at this time – we apologize for the inconvenience.
The lack of margin trading privileges for US-based customers is a throwback to the onerous New York state Bitlicense which saw the brightest and best bitcoin companies leave for greener development pastures. The ETC/BTC price on Poloniex was down slightly on the Bitfinex launch news at press time.
Price change is the percentage change within the period:
Poloniex is the data source for this market report.
Market capitalization is the total $US dollar value of the Ethereum Classic market calculated using the formula:
|Market cap||Available supply||Last price|
|$ 153,896,237||82297453||$ 1.87|
Daily High Low
The weekly trend is mixed.
Support is the lowest price within the period:
Resistance is the highest price within the period:
The data source Poloniex does NOT offer margin trading on this digital asset.
Range is the difference in price within the period:
Market sentiment is bullish.
Bitfinex launches ETC trading with 3.3x margin on July 28 2016. Ethereum Classic is down -8.40% on the day and up 112.77% on four days. The all time trend is mixed. ETC/BTC saw 4 day support at 0.00010098 and 4 day resistance at 0.00489200. Market sentiment is bullish.
Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Thursday July 28 2016 13:39 hours UTC. Contact KittyBitcoin to request custom reports.
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