$BCH is now available for margin trading and lending on Liquid.
Trade on margin with up to 25x leverage or lend out your $BCH to earn daily interest.
— Liquid (@QuoineGlobal) October 21, 2018
According to Liquid’s website, liquidity providers can put up a portion of their balance (BTC, BCH or fiat) towards loans that are given to margin traders, which will pay out daily interest. These traders can then use the extra liquidity to take out both long and short positions.
Liquid is a product of QUOINE, a blockchain fintech company and creator of the QASH cryptocurrency. QUOINE previously raised $100 million via an ICO in 2017 and has conducted more than $50 billion in transactions over the past 12 months, as of July.
Bitcoin Cash, on the other hand, has a had a largely mixed year. We recently reported that SegWit, a protocol upgrade that enables a greater number of transactions per block to solve Bitcoin’s scalability issues, is outpacing Bitcoin Cash in network growth. Meanwhile, Roger Ver is planning to create or partner with an exchange, likely increasing BCH use.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.