Marginswap has been unstoppable this week, with MFI closing in on its all-time high of $3.93.
Marginswap (MFI) is a rising star in the world of decentralized finance (DeFi), allowing users to cross-margin swaps using the aggregated liquidity of Uniswap and SushiSwap. The MFI token is doing well this week as well, up 800% in the last 7 days.
To learn more about Marginswap and discover the best site to buy MFI today, read on.
Where and how to buy Marginswap in France and elsewhere?
Marginswap can be purchased on a suitable crypto exchange or broker platform. Choose from one of our two suggestions below and create an account. As soon as you deposit your initial capital, you can start trading today’s most popular coins.
We advise MFI investors to avoid unregulated trading platforms and brokers, as the lack of supervision means that financial authorities are powerless if your money is lost or stolen.
eToro is one of the leading trading platforms when it comes to investing in crypto assets. Packed with features including copy trading, advanced technical charts and a wide range of trading tools, eToro’s platform is ideal for beginners and pros alike.
Pepperstone was founded in 2010 in Melbourne, Australia by a team of experienced traders with a common commitment to improving the world of online trading. Frustrated by delayed executions, expensive pricing and poor customer support, they set out to provide traders around the world with superior technology, low cost spreads and a genuine commitment to help master trading. Their mission is to create a tech-savvy trading world, where ambitious traders can embrace the challenge and opportunity of global markets.
What is Marginswap?
Marginswap is a cross-margined swaps platform that uses the aggregated liquidity of Uniswap and SushiSwap, two of the biggest names in the DeFi space. But what does it all mean? Cross-margin swaps allow users to post collateral and then borrow additional funds (up to 5x leverage) to trade more capital than they actually own.
While this increases risk, it also massively increases the potential rewards for trades well made. Marginswap connects to both DEXs, which means that users have access toith the liquidity pools of both at the same time – two are always better than one. The MFI token itself allows users to participate in governance votes and receive a per-staking exchange fee.
Should I buy MFI today?
Given its use case, it’s very possible that Marginswap will become one of the most popular products in the DeFi space in the coming months and years. It combines the liquidity of Uniswap and SushiSwap (and also Pangolin) and adds a cross-margin leverage feature. This gives it the potential to outperform the leading DEXs.
MFI is also a strong performer in the market this week, up 800% over 7 days. If this bullish momentum can be maintained, then a run to a new all-time high is in sight. Yesterday, its price approached $3, establishing a base to attempt a new high above $3.93. If the broader market returns to the green, positive sentiment could fuel such a rally.
This article is for informational purposes only – nothing in it should be construed as financial or investment advice.