Collateral (as well as being a great film) is a key aspect of what sets DRIVE Markets apart from other exchanges.
As crypto traders we've come to expect that we need to first be in possession of an asset (USD, BTC, ETH, etc…) in order to then trade it against another.
That changed with us.
On DRIVE, you can use an asset already in your account as collateral to open orders for assets you don't.
To explain: say that you're trading Ethereum but want to take advantage of a current bull run of Bitcoin Cash, normally you would be required to exchange/spend your ETH for BCH, transfer it to your account then place the order.
With DRIVE, the ETH in your account is automatically fronted as collateral to open an order for the BCH, meaning you can continue to trade uninterrupted and take advantage of prices trends across a range of assets with complete precision.
Exchanges like DRIVE do this by calculating, in real-time, the amount of BCH you can trade with, based on your ETH holding.
The added benefit? Removing the need to pre-exchange assets effectively halves your trading fees!
So not only do you spend less time co-ordinating your assets (and more time nailing that perfect trade), but you've also saved money. Neat, huh?
So, To Summarise!
Collateral is one of many features that sets DRIVE Markets apart from the crowd. If you'd like to learn more, check out our other articles explaining the platform's features.
Or if you'd rather just get stuck in, sign up for free at: https://drivemarkets.com/
