Leading, payments focused blockchain player Fuse Network (Fuse) today announced that major cryptocurrency exchange MEXC Global has activated margin trading for Fuse’s native token FUSE.
Margin or leveraged, trading involves traders borrowing funds in exchange for providing collateral. Both the collateral and borrowed funds can be used for trading.
Margin trading is an important tool in the modern financial system (including the cryptocurrency space) that improves capital efficiency by allowing traders to allocate sufficient capital to potentially profitable opportunities.
MEXC Global is a major hub for cryptocurrency traders particularly popular in the Asian market boasting more than 6 million users. Previously, MEXC Global listed FUSE and opened trading on the FUSE / USD Tether (USDT) trading pair.
The exchange has now extended support for the FUSE asset by making available for traders the option for trading with a 4-fold leverage.
This comes on top of margin trading on the PancakeSwap DEX that has recently been made available for FUSE thanks to the partnership between Fuse and OpenLeverage.
The activation of leveraged trading for FUSE on MEXC Global is another step towards raising the profile of the asset in the cryptocurrency market and raising its overall trading volume.
Achieving these objectives is important for ensuring unhampered future adoption of the Fuse technology as it requires Fuse Network’s native token being easily available for purchase without unpredictable price swings and slippage.
About MEXC Global
Founded in 2018, MEXC Global is known as the exchange of fast and high performance transaction matching technology.
Currently, MEXC Global caters to more than 6 million users in more than 70 countries around the world. It has recently won the title of the best cryptocurrency exchange in Asia at the Crypto Expo Dubai 2021.
About Fuse
Fuse is a platform featuring a fast and low-cost, Ethereum-compatible blockchain, a robust plug-and-play mobile-centric crypto payments infrastructure for creating token-based applications and a rapidly growing ecosystem of payments, decentralized finance and NFT projects.
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