their leverage and buying power, potentially generating profits beyond what their own cash balance would have supported. Some other digital currency exchanges have decided not to do this. Other exchanges, like, offers margin trading to all users but probably wouldnt stand up.S. This content and any information contained therein, does not constitute a recommendation by Coinbase to buy, sell or hold any security, financial product or instrument referenced in the content. For Coinbase, moving slowly and maintaining a favorable relationship with regulators is necessary if the company wants to stick around. Cryptocurrency researchers Willy Woo and David Puell released several new valuation metrics for bitcoin's price in February. CoinDesk, mar 28, bitcoin, coin Rivet, mar 27, bitcoin, this content is being provided to you for informational purposes only. If youre unfamiliar with trading and exchanges, margin trading is when you borrow money from your broker to buy or sell more stock than you can afford. The company explained: were committed to working with regulators as the blockchain space continues to develop, rather than take on unnecessary risk just to get features out more quickly. Individuals need to have a minimum of 5,000,000 invested on a discretionary basis in order to be allowed to trade on margin. Coinbase, has added margin trading to the platform.
Additionally, the exchange isnt currently charging interest or fees to access Margin Trading because they believe that consumer lending laws require specific licenses to do this. This feature is mainly geared toward institutional investors. By deciding to build their product within the guidelines of the Commodity Exchange Act, Coinbase has at least initially excluded a large segment of their user base. Coinbase has launched the feature attempting to fit within the boundaries of the Commodity Exchange Act. This means that traders have to certify that they meet one of the qualifications to be allowed to trade on margin. This move should also please Wall Street investors who were waiting on the recently denied Bitcoin ETF application. . The content has been prepared by third parties not affiliated with Coinbase Inc or any of its affiliates and Coinbase is not responsible for its content. 4,082.02 -6.07(0.1485) 1H 24H 1W 1M 1Y, aLL, march 31 6:40 AM 6:44 AM 10:40 AM 2:36 PM 6:32 PM 10:28 PM 2:24 AM 6:36 AM, cointelegraph 14 hours ago, bitcoin. Its essentially a short-term loan.
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Coinbase has added margin trading to its bitcoin exchange
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