Poloniex Enables Ethereum Classic (ETC) Margin Trading For Non-US Customers

Poloniex has recently announced on its official blog that a new asset, Ethereum Classic (ETC) will start to be available not only for trading but also for margin trading for non-U. S. customers with total leverage of 2.5 times.

Before now, you could do margin trading with these other tokens: XRP, ETH, XMR, STR, FCT, LTC, BTS, DOGE, DASH, MAID and CLAM. They are all paired against BTC on the exchange. This makes ETC the first asset to have margin trading after Poloniex was acquired by Circle last year.

The post also affirmed that the company is currently focused on finding new assets to add to the list and that we may see some new announcement about upcoming assets soon since Poloniex is expanding its services.

All the assets available for margin trading on the company can also be used for lending and ETC will not be different in this aspect. By lending the asset, you can earn some interest rates, which are set by the Poloniex markets.

Reference: https://bitcoinexchangeguide.com/poloniex-enables-ethereum-classic-etc-margin-trading-for-non-us-customers/

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