Coinbase Launches Margin Trading on GDAX for Institutional Traders
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Coinbase announced on Monday the launch of margin trading on its digital currency exchange platform, GDAX, tailored for professional traders and institutional clients. He then described how "The only exchanges these institutional traders are going to go to are the ones like GDAX that are based in the U.S., with an impeccable record, the trusted and secure exchanges that meet these regulatory requirements", Forbes reported. Margin Trading on GDAX. In addition to operating in Europe, the UK, Canada, Australia and Singapore, GDAX is available in U.S. states "Where Coinbase is either licensed to engage in money transmission, where it has determined that no such license is currently required, or where licenses are not yet being issued with respect to Coinbase's business", according to the company's website. To access margin trading on GDAX, a customer has to be an Eligible Contract Participant, "As defined in Section 1a(18) of the Commodity Exchange Act and applicable regulations thereunder", Coinbase explains. While GDAX is tailored to institutional investors, it is not the only bitcoin exchange offering margin trading, however. What do you think of Coinbase offering margin trading? Let us know in the comments section below.
Coinbase charges a fee for margin trading. There is an 8% annual interest rate. The rate is determined hourly when you have your margin trade open. The interest gets deducted from your Coinbase Pro USD balance. Traders need to ask themselves why major exchanges continue to implement margin trading. Coinbase and Binance are shifting business models. For individuals to qualify for margin trading, they must live within one of the 23 states* where we currently offer the feature, have a valid Coinbase Pro account, and be active on Coinbase Pro, measured by recent trades, balances, and deposit and withdrawal activity**. The Latest in Bitcoin and Cryptocurrency News. [ May 31, 2020 ] XRP, BAT, Dogecoin: Price analysis Altcoin [ May 31, 2020 ] Will Meghan Markle & Prince Harry Ever Margin Trading Cryptocurrency. For beginners, Coinbase is the best and easiest place to start because it is connected directly to a bitcoin exchange, which simplifies the buying and selling process. There are also many other bitcoin wallets available. Specific Bitcoin Trading platforms allow you to use their services without ID Today, margin trading on Coinbase Pro provides up to 3x leverage, up to the line of credit granted to you. For example: for every $1 you put in, Coinbase gives $2 for a total of $3. If your line of credit is capped at $100, you may only borrow $100 even if 3x leverage is greater than $100.
Coinbase gives us Margin Trading (Leverage for U.S. Markets)
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