- Coinbase Pro announced the launch of margin trading for clients to leverage their investments.
- The new product is currently limited to users living in one of 23 states where this feature is offered.
Coinbase Pro, sharing interface Coinbase for experienced traders, announced margin trading for eligible customers.
According to an update released on Wednesday, margin trading is now available for selected Coinbe Pro customers in 23 US states. Margin trading allows customers to effectively use their investments, borrowing additional funds, increasing risk and profitability.
The update claims that margin trading was highly sought after by users,
Today we are pleased to announce the availability of margin trading for suitable Coinbase Pro customers. Margin was one of our most sought-after features, and today we provide an experience that we are sure our customers will find intuitive, but at the same time very complex and functional.
According to Coinbase, the new feature is designed for “advanced traders” and provides access to the leverage of “the most reliable crypto-liquidity pool”.
Margin trading is currently limited to customers who live in one of the 23 states that offer this feature, in addition to users who maintain an active Coinbase Pro account and adhere to certain thresholds for deposits and withdrawals.
Coinbase says it intends to expand access to the product over the next year, as well as offer more types of collateral assets.