Coinbase Revives Margin Trading, With Conservative (for Crypto) 3x Leverage
Coinbase is rolling out margin trading retail and institutional investors in the U.S. and nine other countries, offering a light 3x leverage to traders.
Traders in Europe are threatening legal action against eToro for allegedly closing their leveraged crypto positions without enough notice.
Derivatives' role in bitcoin's rally is "muted" this time, said one trader.
Leverage has been a killer use case for DeFi from the start. But rarely has making such big wagers required so little work.
Crypto exchanges need to do more to protect customers and prevent tragic deaths in the wake of the Robinhood suicide, says bitFlyer US COO Joel Edgerton.
Binance.US and the soon-to-launch U.S. unit of FTX aim to offer cryptocurrency margin trading in the American market, but won't be able to provide leverage to the degree offered by overseas competitors.