The leading US cryptocurrency company Coinbase has announced about the launch of margin trading on its platform — Coinbase Pro, as bitcoin doubler 2x has got to know.
The company says that retail and institutional clients have got an opportunity to open positions up to 3x leverage in all pairs with USD.
At the initial stage this position is available for retail client from 23 states of the USA, for institutional client the choice is wider — 45 US states and 9 countries.
Let us remind, that Coinbase Pro exchange is the result of rebranding of the previous platform called GDAX, which one has already attempted to run margin trades, but has been forced to stop them. This happened in 2017 after Coinbase became the object of attention on the U.S. Commodity Futures Trading Commission (CFTC) in connection with the incident when Ethereum price on GDAX fell to almost zero for several moments, as a result of which some users lost their funds.