I'm trying to understand the crypto terminology, and I came across '5x'. I'm not sure what it signifies in the context of cryptocurrencies. Could someone explain what '5x' means in crypto?
7 answers
GeishaMelody
Tue Jan 07 2025
With leverage, individuals can trade with more funds than they originally possess.
SamuraiCourage
Tue Jan 07 2025
Leverage serves as a financial tool enabling traders to borrow additional capital.
TaegeukChampion
Mon Jan 06 2025
The highest leverage level provided by Binance is 10x, enabling traders to amplify their capital tenfold.
SoulWhisper
Mon Jan 06 2025
BTCC, another top cryptocurrency exchange, also offers a range of services.
DondaejiDelightfulCharmingSmileJoy
Mon Jan 06 2025
Binance, a prominent cryptocurrency exchange, provides various leverage options.