Coinbase Pro Launches Margin Trading in Select Jurisdictions | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
Coinbase Pro, an evolution of GDAX that functions as a professional trading platform for individuals and institutions has announced the launch of its margin trading service. Eligible Coinbase Pro traders in 23 U.S. states will now enjoy up to 3x leverage on USD-quoted books, according to a blog post on February 12, 2020.
Margin Trading Now Live on Coinbase Pro
As part of efforts to satisfy the yearnings of its professional crypto traders in the United States and supported jurisdiction around the world, Coinbase Pro, a bitcoin (BTC) trading venue for expert traders is launching its margin trading service.
As stated in its blog post, the new Coinbase Pro margin trading service is available to both individual and institutional traders, however, individuals must reside within one the 23 U.S. States where the service is supported, they must have a valid and active Coinbase Pro account (accounts with regular deposits, trading and withdrawal activities).
For institutional clients to be eligible for the service, they must be operating from one of the 43 U.S. jurisdictions or nine countries where Coinbase Pro currently offers margin trading for enterprises.
the 23 U.S. states where individual Coinbase Pro users can enjoy margin trading include Florida, Texas, New Jersey, Georgia, Arkansas, Orgun, Connecticut,