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Letter of Credit: Explore the intricacies of this financial instrument in international trade. Learn about Irrevocable Letter of Credit (ILOC), its definition, uses, and types. Compare ILOC with Documentary Letter of Credit. Understand the difference between Revocable and Irrevocable Letters of Credit to make informed financial decisions.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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