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Bitfinex announced that users can convert margin positions into spot holdings by repaying borrowed funds, eliminating leverage and liquidation risk, with no trading fees applied to the process.
Bitfinex announced that users have the option to convert their margin positions into spot holdings by repaying the borrowed assets. According to the post, once the borrowed funds are repaid, the position becomes a spot holding with no leverage or liquidation risk, and the process does not incur any trading fees. No additional details about the process or eligibility criteria were provided in the post.
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Bitfinex is a cryptocurrency exchange offering trading in Bitcoin, Ethereum, Litecoin, a wide range of crypto pairs, and major fiat pairs such as USD, EUR, GBP, and JPY. The platform features a proprietary trading terminal with a mobile app, margin and derivatives trading with leverage options, customizable orders, and investment programs including staking and deposit options. For a detailed overview of its trading conditions and features, see the broker profile on Traders Union.
In our earlier news, we reported that Bitfinex introduced its Recurring Buy feature on the mobile app, allowing users to automate crypto purchases with zero trading fees; you can read the details in the previous Bitfinex update on Traders Union.