Grow your Portfolio with the Scallop Exchange

  • Centralized & Decentralized Exchanges
  1. Order Book: The order book is a feature of a centralized exchange. In this feature, you can buy or sell orders to fill at a future date. This helps to plan out trades, set stop losses, and is very efficient in getting good prices in periods of marker weakness.
  2. Margin Trading: When a trader chooses to trade on margin, they increase their buying power by borrowing from the exchange at a multiple of the assets they have deposited. In theory, this could increase your returns, but there are risks involved.
  3. Fractional Shares: Fractional shares let investors buy a portion of a stock, making it easier to diversify even with small amounts of money. This is particularly advantageous for investors who are working with limited capital but want to build a highly diversified portfolio.
  4. Fractional NFT Trading: An innovative feature on some exchanges is the fractionalization of NFTs. This means that users can buy fractions of a whole NFT, for example, a Bored Ape, via a futures contract. And as such, when the NFT is sold, users can receive a share of any profit. This significantly lowers the barrier to entry to purchase valuable NFTs.
  5. Derivatives(Futures and Options): These are leveraged trading instruments offered on some exchanges. A futures contract is a promise to buy an asset at a given date, and an options contract provides the purchaser with the option to buy an asset at a specific price at a specified date. These two instruments allow you to increase your purchasing power and have very different payouts depending on the price change. The advantage to these instruments is that you can achieve a lot more profit from the same amount of capital.
  • Deposit crypto(buy with a credit card) and sell your crypto on the market. A step-by-step guide is shown in the link below 👇
  • Trade Futures: Scallop Futures makes it simple to trade crypto derivatives contracts.
  • Trade with margin: Please note that scallop reiterates that high leverage is an extremely high-risk trade that may result in losses and should be used only by experts who can manage their risks.

About Scallop

Scallop Chain is an innovative fintech ecosystem for users that want a faster, more efficient way to securely manage their crypto + fiat in a single place.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Precious

Precious

Content Creator || Blockchain Ambassador || Public Speaker || Community Management. Reach out to me: ekerekepreciousimeh@gmail.com