I have a question to margin trading on nexo pro: I

Question

I have a question to margin trading on nexo pro: I

have a balance of 300$ on nexo pro but I can borrow 800$ in BUSD to do margin trading.. How is this possible? (I have a lot of money on the normal nexo app, is this used as collateral?)

On the website it says, the collateral does only count on nexo pro, so I think is should only be able to borrow 300$… i don‘t get it

#cryptocurrency #english #nexo

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20.07.2023

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Tom Автор вопроса

Jesur | Nexo | No Support via DM
Hey Tom. Margin trading is built on the principle...

Ok, thanks a lot

0

10 месяцев назад

Jesur | Nexo | No Support via DM

Tom
Ok, thanks a lot

Always! If you have any more questions feel free to ask.\

0

10 месяцев назад

Jesur | Nexo | No Support via DM · Accepted Answer

Hey Tom. Margin trading is built on the principle of leverage, meaning that as a result of the trade, you will receive the desired asset in a larger amount (up to 5x leverage). In other words, the value of the purchased asset will be up to 5 times greater than the value of your initial balance. When placing a leveraged order, you can borrow funds to trade with on top of your initial balance (in other words, your margin), with a maximum leverage of 5x. During a margin trade, the initial balance plus the borrowed amount will be sold to obtain the counter asset. You can learn more about margin trading on this article here: https://support.nexo.com/s/article/margin-trading-on-the-spot-exchange

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