What does leverage mean on Huobi?
What does leverage mean on Huobi? According to the announcement from Huobi, lev
What does leverage mean on Huobi? According to the announcement from Huobi, leverage on Huobi refers to increasing or decreasing losses by setting leverage multiples when users go long or short on a certain digital asset using BTC.
The function of leverage is different from spot trading. It is a tool for hedging price fluctuations. For example, if you have cryptocurrencies such as Bitcoin/USDT, Ethereum/BNB, etc., you can make some small trades on a trading platform and then convert them all into other currencies for investment (e.g., if the price of ETH drops). You can also use these tokens to buy a new stock or fund, generating profits. Alternatively, you can use leverage to short a specific digital asset and earn some returns. You can also lend to others to provide them with more funds, which can reduce the losses of many investors. Additionally, you can provide liquidity mining to earn more tokens, etc., all of which can be used to make money while ensuring that your principal is not passively invested in other markets to buy other currencies.
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