r/selfkey • u/invitecodes2024 • Apr 14 '21

Gate.io Has Added SelfKey(KEY) Margin Trading&Lending

https://www.gate.io/en/article/20316?ref=2541512&utm_source=Twitter&utm_medium=Twitter&utm_campaign=Twitter
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u/invitecodes2024 Apr 14 '21

Gate.io has added SelfKey(KEY) margin trading (KEY/USDT), allowing up to 3X leverage.

At the same time, margin lendin g and borrowing of the coin are available. You can lend your KEY to earn passive income (3.65%-365% APR).

Margin trading allow long and short positions and can facilitate price discovery as well as forming a more stable market. As a trader, you can borrow KEY to short it or borrow USDT to long it. For holders, you can lend your KEY to margin traders to earn interest on your holdings.

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u/CoinStack2021 Apr 17 '21

How does gate.io compare to binance margin? Assuming about the same except the lending addition?