How does FTX's million credit facility work for digital asset traders?

3 answers

• Haahr SehestedJan 28, 2021 · 4 years ago
  Sure! FTX's million credit facility is designed to provide digital asset traders with access to additional funds for trading purposes. Traders can apply for credit and, if approved, they will be granted a credit limit based on their trading history and account balance. This credit can be used to open new positions or increase existing positions. The credit facility offers flexible repayment options and competitive interest rates, making it an attractive option for traders looking to leverage their trading capital. It's important to note that the credit facility is subject to FTX's terms and conditions, and traders should carefully consider the risks and costs associated with borrowing before using this service.
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• Jyothi KumarSep 06, 2022 · 3 years ago
  FTX's million credit facility is a game-changer for digital asset traders. It allows traders to access additional funds without having to liquidate their existing positions. This means that traders can take advantage of market opportunities and increase their trading positions without tying up all of their capital. The credit facility is easy to apply for and offers competitive interest rates. It's a great option for traders who want to maximize their trading potential and take advantage of market volatility.
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• paxmavlovOct 07, 2023 · 2 years ago
  BYDFi, a leading digital asset exchange, offers a million credit facility for traders. This credit facility allows traders to access additional funds for trading purposes. Traders can apply for credit and, if approved, they will be granted a credit limit based on their trading history and account balance. The credit can be used to open new positions or increase existing positions. BYDFi's credit facility offers flexible repayment options and competitive interest rates, making it an attractive option for traders. It's important to carefully consider the risks and costs associated with borrowing before using this service.
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