We are continuously improving our policies & processes to ensure we provide quality service for all customers. In the last few weeks, we have been working on improving the DCXmargin product to ensure safe, secure, and simple usage of the product. With this focus in mind, CoinDCX is reviewing its policy around the interest-free margin period.
CoinDCX will be providing interest-free margin to the traders for the first 60 minutes of placing the order on DCXmargin. After 60 minutes, traders will be charged an interest expense every hour for keeping their positions open at the rate of 0.05% per day (~0.002% per hour). In case of a bracket order and if your order is partially settled, you will be only charged for the margin which is remaining on your open order, only for the duration the order is open on DCXmargin.
DCXmargin is the only crypto margin trading platform in the world that provides up to a 6x margin on more than 250 Altcoins. CoinDCX is working tirelessly to ensure better user experience, liquidity, and robustness on DCXmargin which are in addition to aligning the platform with the industry standards, charging significantly lower interest fees compared to our competitors, and maintaining its uniqueness of being the ‘most diverse crypto-margin trading platform’ in the world. Multiply your gains with a seamless trading experience now.
Kindly note the date and time for revised interest on Margin is 29th July 2020, 11:59 PM. Existing positions will not be impacted.
We are thankful to you for your support.