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I often see questions in the chat: what does the 10x figure next to pairs like ETH/USDC mean? Let me explain simply.
It's leverage, and it works like this: the platform allows you to trade a position 10 times larger than your actual capital. For example, if you have $100. With 10x leverage, you can open a position worth $1,000. Sounds great, but there's a catch.
Here's where it gets interesting. If the market moves in your favor, your profit is also multiplied by 10. But if the price moves against you — losses are also cut by 10. And this can happen very quickly. Your initial capital can disappear in a matter of minutes if you're not careful with risk management.
Currently, looking at the quotes: ETH is trading around $2.11K with a -0.30% change over the day, BTC is holding at $68.86K, also down -0.37%. In such volatile movements, 10x leverage is like playing with fire. One wrong move, and you're in the red.
So if you're a beginner, I would recommend starting with lower leverage or even spot trading without leverage. 10x is a tool for those who understand the risks and can manage their positions. Don't rush to chase quick money with maximum leverage.