Largest US Bitcoin exchange Coinbase launched margin trading

by in Cryptocurrency News

Coinbase margin trading

Leading US crypto company Coinbase had announced the launch of margin trading on its Coinbase Pro platform.

The report said that retail and institutional clients were able to open positions with leverage up to 3x in all pairs with the US dollar.

At the initial stage, this option is available to retail customers in 23 US states, for institutional customers, the choice is slightly wider 45 states and 9 countries.

Related: Coinbase hires Google vice president as head product officer

Recall, the Coinbase Pro exchange appeared as a result of the rebranding of the previous platform called GDAX, which already tried to launch margin trading, but was forced to stop them. This happened in 2017 after Coinbase became the object of attention on the part of the US derivatives trading commission (CFTC) in connection with the incident when the price of Ethereum on GDAX for several moments fell to almost zero, as a result of which some users lost funds.