XCM Margin Limit Updates
by Kamil S
You Asked – We Delivered
Last month, we were happy to implement an XCM update for which our community has long been asking: the ability to useXCM on Marginas collateral. The new feature essentially unlocks millions of dollars in funds for our users, giving the ability to better utilize the Margin platform. The new feature was well received and the community already voiced some other suggestions that today we are happy to deliver! This week’s update of the15 Weeks of Summer Campaigncomes with an XCM Margin Limit update…
XCM on Margin with Long Position Exposure
You asked and we listened! Our community asked us if they would be able to use XCM as collateral even when they have exposure in XCM long positions. We are glad to announce that as of today, this feature is available and comes with a €5,000 exposure limit. It will enable our loyal XCM holders to leverage the power of the Margin platform and continue trading during a very active market.
Increased XCM Margin Position Sizes
Another demand from Coinmetroids was the ability to take larger XCM positions on the Margin platform. Today we have increased the XCM exposure limit to €10,000 equivalent.
Note: When using any amount of XCM as collateral the maximum position size will remain at €5,000.
A People-Centric Token
What do these new updates bring to the table? The new margin limit updates unlock more opportunities for Coinmetro users and XCM holders to level up their trading and bring more value to the Coinmetro Token.
As our exchange and token are progressively growing, we are focusing on crafting more utility and better features for our products. This can give you more leverage in investing and trading. Your feedback is an important part of our collective journey! As our community is using our products and services, it echoes back the much needed feedback which we then turn into reality to offer you a better financial experience.
If you’ve been staying close to the updates, you might be aware that last week we published a brand new XCM Token Page – home to our most important product. It will help you understand how XCM fuels the Coinmetro exchange and brings value to its holders.
Moreover, we published the XCM Roadmap – highlighting recent XCM updates as well as future improvements that our token will get during the remainder of this year and beyond. Make sure you check out the XCM Token Page and XCM Roadmap to understand where our token is coming from and where it is going. We are using this period to build more financial mechanisms that circulate more value to you.
Bear markets may be a good opportunity to build for the future and strengthen what you already have. This summer, XCM stepped into the next stage of its evolution with updates on:
- XCM Margin Fees Reduced to 0
- Record-Breaking 500,000 XCM Burn Event
- XCM as collateral on Margin
- XCM Staking Limit Increase
New burn mechanics and much more!
Keep in mind that these programs are not singular events! They are part of a bigger on-going process at Coinmetro to never stop innovating. What else would you like to see being implemented on Coinmetro exchange? How are you making use of the recent XCM updates?
We want to hear all about it on Coinmetro’s Discord and Telegram channels! Stay close to be up to date with the latest improvements and crypto news. To begin your trading and investing journey today, take action now and sign up to Coinmetro in just a few steps.
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