In this video, we take a brief look at KingMex. They just launched their English version and it’s very new, but the main thing that makes this exchange interesting is that it enables you to do margin trading which is hard to find in the crypto trading world today.
A margin account in traditional trading is one that provides you the resources to buy more quantities of a stock than you can afford at any point in time. For this purpose, the broker would lend the money to buy shares and keep them as collateral. With KingMex, you can do the same thing, but instead, you can margin trade crypto.
Considering right now 1% of institutional traders are doing 80% of the volume and margin trading on crypto exchanges, there is an uneven amount of participation. It’s good to have something new as an option and to show other exchanges it’s possible. I think any new development in the cryptocurrency space that gives users more functionality is a welcome one.
This is their website: https://kingmex.com/
You can follow them on Twitter: https://twitter.com/KingMEX_com
Join KingMEX, experience the smoothest trading. https://www.kingmex.com/?inviteCode=QOETRX7C
They are also currently running a 2 million trading competition right now that you can check out too: https://medium.com/kingmex-blog/kingmex-launches-exchange-wide-competition-worth-2-million-e64de0a361e6
Let me know what you think about this in the comments below and don’t forget to subscribe!