Changelly, an instant swap platform, has recently launched a new custodial exchange Changelly PRO. It aims to enable crypto newcomers to bridge the gap between basic investing and active trading as well as provide adept traders with a reliable full-featured trading platform from an established brand – Changelly.
According to Changelly’s recent customer research, approximately 50% of its customers use custodial exchanges for short-term trading, compared to 10% in 2015.
“We have witnessed not only the maturity of the market but also the maturity of the audience. One cannot go without the other. Launching our own spot exchange answers the demands of our community who has been clearly requesting more advanced trading services.”
– Eric Benz, Changelly CEO
PRO users gain access to a full-featured trading platform that will give them access to:
- Multi-currency wallet to store a variety of coins
- Interactive and customizable terminal
- Access to 50+ markets
- Competitive trading fees
- Lowest withdrawal fees for the most popular coins and tokens
- Simple registration process
- 24/7 multi-lingual support and learning materials
Margin trading is a great feature for a custodial exchange to have, and now it is available on Changelly PRO. It essentially involves traders borrowing funds from the exchange to increase their buying power for an opportunity to get higher profits. Margin trading is a powerful tool when used correctly, and can also help traders diversify their portfolios.
Changelly PRO offers long and short leveraged trades of up to 10x leverage for more than 20+ liquid crypto pairs. Its intuitive interface is informative but not overloaded. As with any borrowed funds, there’s a cost associated with it, and Changelly’s is comparable and often undercutting the existing competition’s Daily Interest Rate. For instance, -0.01% for Ripple, -0.04% for USDT and -0.02% for Bitcoin. In addition, Changelly PRO allows its users to move cryptocurrency from a trading account to a margin account without executing a transaction.
In order to start margin trading, a trader needs to transfer collateral funds to a margin account as well as pass the first KYC verification level. Changelly Margin Trading lets users choose collateral from a wide range of cryptocurrencies.
Please be careful when engaging in margin trading, always do your own research and trade in accordance with the current market situation. Good luck!
Changelly provides an ecosystem of products and services that enables customers to have a one-stop-shop experience when engaging with crypto. Operating since 2015, Changelly acts as an intermediary between crypto exchanges and users, offering access to 160+ cryptocurrencies that can be effortlessly swapped within 10 minutes on desktop and on-the-go via Changelly mobile app.
In 2020, Changelly has branched out to accommodate the needs of traders. PRO has been built to provide a fully compliant, regulated and easy to use platform focused around the needs of the customer, effectively enabling retail buying and selling of digital tokens and coins. Piggy-backing the great support system found within Changelly, Changelly PRO will provide the community with high limits, effective pricing, fast execution, and 24/7 live support.