Coin Security Announces GNS as a Loanable Asset for Full and Per Position Trading

03/20/2023 04:46 • Tech Trends • 87 views

According to the official announcement, Coin Security has added GNS as a loanable asset for full position margin, per position margin, and new margin pairs. The new full position margin pairs are: GNS/BTC, GNS/USDT, and the new per position margin GNS/BTC, KEY/USDT, and USTC/USDT.

The newly added GNS of Coin Security refers to the lendable assets of full warehouse margin and warehouse by warehouse margin

Coin Security, a leading cryptocurrency exchange platform, has announced the addition of GNS as a loanable asset for full position margin, per position margin, and new margin pairs. In this article, we will delve deep into what GNS is and how it works, discuss the full and per position margin trading options, as well as the new margin pairs, GNS/BTC, GNS/USDT, KEY/USDT, and USTC/USDT.

Understanding GNS

GNS is the native token of the Genesis Network ecosystem, a blockchain-based platform that powers next-generation decentralized exchanges (DEXs). The Genesis Network aims to tackle the shortcomings of existing DEXs by providing a more accessible, user-friendly, and seamless trading experience.
GNS, the utility token of the Genesis Network, functions as a means of payment for transaction fees, staking, and liquidity provision. It also serves as a governance token, allowing holders to vote on important decisions affecting the platform’s operations and development.

Full Position Margin Trading

Full position margin trading enables traders to borrow funds from the exchange to increase their trading position beyond their account balance. The borrowed funds, also known as margin, are collateralized by the trader’s assets and are subject to interest rates and margin requirements.
With GNS added as a loanable asset for full position margin trading, traders can now leverage their positions to potentially increase their profits while minimizing their risks.
The new full position margin pairs, GNS/BTC, and GNS/USDT, allow traders to trade GNS against Bitcoin and Tether, respectively. This opens up new trading opportunities for those looking to diversify their portfolios and take advantage of price fluctuations in these markets.

Per Position Margin Trading

Per position margin trading is similar to full position margin trading, but instead of borrowing funds to increase their entire trading position, traders can choose to borrow funds for specific positions, allowing for more granular and targeted trading strategies.
Coin Security has added GNS/BTC, KEY/USDT, and USTC/USDT as new per position margin pairs, providing traders with even more options to trade GNS and other cryptocurrencies.

Conclusion

Coin Security’s addition of GNS as a loanable asset for full position and per position margin trading, along with the new margin pairs, opens up a range of trading options for cryptocurrency enthusiasts. With GNS’s unique features and benefits, traders can potentially increase their profits while minimizing their risks.

FAQs

1. What is GNS?
GNS is the utility token of the Genesis Network ecosystem, which powers next-generation decentralized exchanges (DEXs) that aim to provide a more accessible and seamless trading experience.
2. How does full position margin trading work?
Full position margin trading enables traders to borrow funds from the exchange to increase their trading position beyond their account balance. The borrowed funds are collateralized by the trader’s assets and are subject to interest rates and margin requirements.
3. What are the new margin pairs added by Coin Security?
Coin Security has added GNS/BTC, GNS/USDT, KEY/USDT, and USTC/USDT as new margin pairs.

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