Traders Overwhelmed Using Margin to Short Bitcoin Cash and Bitcoin SV on Poloniex Exchange

The United States based pure crypto to crypto exchange, Poloniex, recently announced that they were making available   for non-US customers — a wave of new crypto assets for margin trading, starting with Ethereum Classic (ETC) and followed by  Bitcoin Cash (BCHABC) and Bitcoin SV (BCHSV) and the most recent one with Cosmos Atom (ATOM) and EOS (EOS).

At present, Poloniex exchange announced Via medium post , customers can trade on margin , meaning- all with BTC as the base pair and at 2.5 times leverage. The following will pair with BTC as a base : EOS, ATOM, BCHABC, BCHSV, ETC, XRP, ETH, XMR, STR, FCT, LTC, BTS, DOGE, DASH, MAID, and CLAM.

According to the post, there’s been a many news events that have driven trading for ETC, Bitcoin Cash, and Bitcoin SV. In particular, the feud between Craig Wright and the crypto community prompted multiple exchanges to delist Bitcoin SV.

The firm also claims that, traders have tried to take advantage of this by using margin to overwhelmingly short Bitcoin SV. It’s unclear what’s driving people to short Bitcoin Cash.

What is your opinion on Bitcoin Cash and Bitcoin SV on Poloniex ? Share your thoughts on our Twitter and Facebook pages.

Also read on Price analysis , Price Prediction

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Qadir AK

Qadir Ak - Co-founder of Coinpedia Blog - His interest as crypto Author, Editor, Speaker at cryptocurrency conference has made him known as passionate blogger and startup in Asia.

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