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.
Kraken said the changes come due to regulatory guidance about leveraged digital asset transactions.
Coinbase plans to suspend all margin trading contracts effective tomorrow, and will end the service entirely by next month.
The announcement comes hours after CEO Changpeng Zhao tweeted that Binance was reducing the maximum leverage users can use to trade futures contracts.
Hong Kong-based cryptocurrency platform Crypto.com has revamped its digital exchange, claiming a tenfold increase in performance and throughput.
Volatility amid the COVID-19 pandemic has proven attractive to traders.