20 Dec Zcash Now Available for Margin Trading
Posted at 21:14h in Announcements
On October 28th, 2016 Bitfinex added Zcash as a new trading currency. At that time only exchange (spot) trading was enabled.
Now, both of the Zcash trading pairs – ZECUSD and ZECBTC – are available for margin trading and margin funding for non-US users.
Zcash is a relatively new cryptocurrency. Until order book liquidity further develops, margin trading Zcash will require 100% initial margin and 50% maintenance margin. This means that users will be able to open margin trading positions equal in value to the collateral held in the margin wallet and adds the option to open Short positions for ZECUSD and ZECBTC. As the market develops, these parameters will be readjusted to allow for leveraged margin trading, both long and short.