Ethereum Classic (ETC) is now available for margin trading for non-U.S. customers—at 2.5 times leverage—with Bitcoin (BTC) as the base pair.
ETC is the first asset we’ve added to margin since Circle acquired Poloniex in 2018 and joins other tokens already available for margin (all with BTC as the base pair): XRP, ETH, XMR, STR, FCT, LTC, BTS, DOGE, DASH, MAID, and CLAM.
It won’t be the last, either, because we are working on adding other tokens and base pairs for margin. We are expanding the tokens available for margin as part of our effort to make Poloniex one of the most innovative exchanges in the world.
Like the other assets available for margin, ETC is also now available for lending. That means customers holding ETC can lend it to other customers and earn interest (set by the market).
This builds upon other steps we’ve taken in recent weeks, including:
- We completed a major systems upgrade that has enhanced performance across wallet functionality, trade execution speeds and overall latency
- We reduced trading fees and streamlined the fee structure to make our fees among the lowest of U.S. exchanges
- We were the only exchange to allow Cosmos ICO participants to preview and claim their Atoms’ balance
- We were one of the earliest exchanges to list Grin and made our first monthly donation to the Grin General Fund
Getting started with margin and lending
For those interested in trading on margin or lending, make sure you’re signed into Poloniex. You can read more details about margin and lending on our support page here.
If you have any questions, please reach out to our support team here.