Dear Bingbon users:
To respond to users' demands for Silver trading, Bingbon will launch the Silver Standard Contract trading at 17:00 on August 6th, Singapore Time (GMT+8). Details of Silver/USD are as follows:
Bingbon respects all laws of all countries regarding blockchain encrypted digital assets. The silver trading is not open to residents of the following countries or regions: Afghanistan, Burundi, Belarus, Central African Republic, Congo, Mainland China, Ethiopia, Guinea, Guinea-Peso, Iraq, Iran, Republic of Korea, Lebanon, Sri Lanka, Libya, Serbia, Sudan, Somalia, South Sudan, Syrian Arab Republic, Thailand, Tunisia, Trinidad and Tobago , Ukraine, Uganda, Venezuela, Yemen, Zimbabwe, Cuba, United States (including all U.S. territories, such as Puerto Rico, American Samoa, Guam). This list of excluded countries may change and may vary for different services.
| Silver Standard Contract Trading Details | |
| Underlying Assets | Silver |
| Settlement Asset | USD |
| Price Quotation | USD |
| Min. Price Change | 0.01 |
| Leverage | 1, 5, 10, 20, 50, 100 |
| Trading Fee Rate (Charged When closing a Position) | 0.045% |
| Min. Amount of Single Trade (Principle) | 2 |
| Max. Trading Volume (Principle * Leverage) | 100,000 USDT |
| Max. Position Size (Principle * Leverage) | 200,000 USDT |
| Trading Hours | Mon. 6AM - Sat. 5AM (UTC+8) |
| Settlement Time | Real-time |
Note: For any changes to the Max. Position Size, please refer to the latest announcements.
The leverage and limits are affected by the user’s risk level, which may vary amongst users.
Attached. Silver Information
What is Silver Trading?
Silver trading (also known as international spot silver) is spot trading, which refers to delivery right after the trade or within a few days. Silver is an international investment product. The trading platforms are established by silver companies that offer online trading in the form of leverage trading.
As Silver is such a large market, no financial groups or institutions can manipulate such a huge market, so it is completely regulated by the market itself. There is no market maker in the silver market. The market is of strong self-discipline and well-established laws and regulations.
Risk Warning:
Digital asset derivatives trading is highly leveraged and risky, and may result in partial or total loss of account funds. Before conducting contract trading, investors must ensure that they understand the nature and rules of contract trading, and decide whether to participate in contract trading based on their investment experience, goals, financial status, and ability to bear risks.
Bingbon Operation Team
2020/08/05