RATE Group | Coinbase Pro Re-Releases 3x Leverage
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Coinbase Pro Re-Releases 3x Leverage

13 Feb Coinbase Pro Re-Releases 3x Leverage

Posted at 06:13h in Ethereum News by

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Coinbase Pro, the cryptocurrency trading platform arm of U.S.-based exchange Coinbase, has unveiled 3x margin trading for select customers. 

“Our leverage multiple is based on market analysis,” a Coinbase spokesperson told Cointelegraph in an email. “We are rolling this out in a way that we feel is responsible to our customers while offering them an adequate amount of leverage to trade on.”

Active Coinbase Pro users in 23 states can now trade with leverage on Coinbase Pro, according to the company’s blog announcement on Feb. 12. 

Coinbase Pro hosts a modest 3x leverage limit, whereas exchanges such as BitMEX and Binance offer 100x leverage and up. “We will monitor the market and customer usage and plan to evaluate the feature on an ongoing bases,” the Coinbase spokesperson said, responding to a question on the firm’s potential future plans.”

What is margin trading?

A product typically seen in professional asset trading circles, margin trading essentially involves…

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