OKX to Enable Margin Trading and Savings for LUNA/USDT

OKX has announced that it will enable margin trading and saving for LUNA on May 31, 2022, at 7 AM UTC. The update extends to cover web, app, and API, and the initial launch will include LUNA/USDT as a trading pair. More details are awaited after the listing officially goes live.

OKX is a crypto exchange platform with a core focus on innovation in offering advanced financial services like trading and investments to its users. The platform is backed by blockchain technology, helping it serve millions of customers across 100 countries in a secure manner. OKX includes DeFi, perpetual swaps trading, spot, futures, margin, options, mining, and lending services.

The mission of OKX is to eliminate the financial barriers that cause hindrance to one’s global monetary freedom. OKX’s safe and reliable environment for the users comes to life with the adoption of distributed clusters, global server load balancing, and deployment of other similar services.

The services of OKX are customized based on every user’s needs and suggestions. Anyone can start trading on the platform by signing up for a trading account, buying or depositing a cryptocurrency to fund the account, and choosing the right product.

Review account settings while signing up on OKX. The OKX account can be secured by choosing any three options, namely Passwords, Mobile Verification, and Google Authenticator. Enabling two-factor authentication is also a great way of securing the OKX account. Set the currency to the one that is available in the country. Change language if the current language is not convenient.

A user can fund the OKX account either by buying crypto on the platform or directly depositing it in the account. Experienced traders normally deposit the digital holdings directly into their account, while newcomers benefit from buying the crypto from the platform.

Once the account is ready, review the basics of trading and execution of a transaction. As a platform, OKX allows its users to earn passive income from the funds they have deposited into their accounts. A total of eight products are available for this purpose.

  • Savings
  • Dual Investment
  • DeFi
  • Staking
  • ETH 2.0 Staking
  • KSM and DOT slot auctions
  • P2P Lending
  • Jumpstart

Users can also earn cryptocurrency via a free Bitcoin offer using OKX Pool services. The option to earn cryptocurrency can be found on the official website of OKX and the official mobile application of the platform. Visit the homepage on the website to navigate to the upper section. Click ‘Finance’ to get the option ‘Earn’ along with Loan, Jumpstart, and DOT Slot Auction.

It is easier to find the option on the mobile application, and users only have to log in to the app and tap ‘Earn.’ Other options available in the list are Convert, Loan, Savings, Jumpstart, Learn, Lend Crypto, Rewards, and Support, among many others.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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