Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Mahindra on October 12, 2021, 06:01:16 PM
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Gold-verified users of Blockchain.com exchange in over 150 countries will now be able to trade Bitcoin with up to 5x leverage.
Bitcoin (BTC) wallet and exchange platform Blockchain.com has announced the introduction of margin trading services.
In a blog post issued on Tuesday, Blockchain.com stated that Bitcoin margin trading had been a regular request from users since launching its exchange service in 2019.
According to the announcement, the platform will launch margin trading for the Bitcoin-United States dollar (BTC/USD) pair with up to 5x leverage.
The exchange’s Bitcoin margin trading service will be available to users in about 150 countries, with significant exceptions for Italy, France, Canada and the United States. Other exempted jurisdictions include Japan, Germany, Austria, the United Kingdom and the Netherlands.
Only gold-verified users with full identity verification will have access to the margin trading feature according to Tuesday’s announcement.
In terms of cost, the announcement stated 0.12% in daily trading fees on open margin trading positions, which is equivalent to 0.02% per four hours.
The launch of margin trading is the latest milestone for Blockchain.com since expanding its product catalog to include cryptocurrency exchange services.
Back in August, the platform crossed $1 trillion in crypto transactions and announced that it was mulling an initial public offering (IPO) by 2023. info (https://cointelegraph.com/news/blockchain-com-exchange-debuts-bitcoin-margin-trading)