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The bitcoin trading website BitYes, which belongs to the Chinese-based exchange Huobi, has launched a margin trading option. Additionally, the company now offers P2P lending services to its clients.

According to the BitYes press release, clients can use the margin trade option if they open a special account.

“A separate margin account which you can easily fund from your main account; this provides convenience for arbitrage hedge and you can still withdraw from their main account at will. Daily borrowing interest rates as low as 0.01% per day”

The maximum margin is 3:1 and there are no requirements other than a BitYes account. P2P lending is currently more difficult to access: Huobi will first test this functionality on selected clients.

“For the risk in the market, P2P lending will only be available to a limited number of [partners] in the first phase. If you are interested in early access to P2P lending, please contact This email address is being protected from spambots. You need JavaScript enabled to view it.

The introduction of margin trading on the English-language platform is the next stage in Huobi’s expansion. In August 2014, the bitcoin exchange acquired Quickwallet, a company that provided different types of wallets for digital currency. In September 2014, Huobi launched BitYes, a bitcoin and litecoin exchange for the English-speaking bitcoin community. In the same month, Huobi introduced bitcoins futures trading on BitVC, starting a trading game to attract new customers.

The expansion allowed Huobi to boost its share in global bitcoin trading up to 30% in the autumn of 2014. By 2015, the share shrank to a more modest 17% and the introduction of margin trade may be an attempt to gain back some of the losses.  

In the sector of margin trading, Huobi might face powerful competitors. As CoinFox reported in its overview of bitcoin derivatives, the most popular bitcoin derivative platform, BTC.sx, offers 2:1, 5:1, or 10:1 leverage, and executes the trade directly at the market, thus guaranteeing all client profits and minimizing trading risks.