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Recently, Bitcoin has strung together seven consecutive daily gains, something that hasn’t happened since the price shot up to last year’s high around $13,000 in July 2019.
So, the freedom of bitcoin trading was under a limited bound, and there comes a situation of only pro traders alone to befall in bitcoin trading, often.
But, the advent of margin trading(Leverage Trading) and margin trading with lending, concepts have encouraged the traders to trade bitcoins, even if they don’t have enough funds.
A trader can open several leverage position with small amount of investments as initial margin
Having a margin account can help the traders to open trading/ leverage position quickly.
To convey simply, one can buy an asset from the seller at a predetermined price by not considering the current market price of the asset at a predetermined specific time in the future.
Comparatively, if the same bitcoin price has slumped to $9000, then Alice has to pay the same price declared in the contract that is $10000, and the bob can get a profit of $1000 from the trade.
The core development team of ethereum is about to bring up a new upgrade, which is tagged “Ethereum 2.0”, a more scalable version of Ethereum, which is due to commence by summer 2020.The crucial aspect of this Ethereum 2.0 implementation involves shifting the network from a proof-of-work consensus to a proof-of-stake consensus one.Industry experts predict this could drive up the usage of Ethereum among potential investors, and the price of Ether could face a significant increase going forward.
What about it actually excites them?
As per the data provided by an Ethereum blockchain analytics company, the number of wallets holding at least 32 ETH has risen approximately 13% over the year after the major upgrade was announced.
Leverage exchanges are one of the most trending exchanges in the current market.
This will help them expand their market positions exponentially and boost profits!
Mr. Adam Cochran, one of the partners at MetaCartel Ventures DAO, stated in his blog that Ethereum 2.0 could bring up the largest economic shift in the society and is ready for a bull run.