Today Blockchain.com, one of the world’s oldest and most trusted cryptocurrency platforms, launched margin trading on its Exchange. Upon launch, users can access margin with up to 5X leverage in the BTC-USD trading pair in more than 150 countries.
Margin trading offers investors the opportunity to increase profit potential through leverage, which means increased buying and selling power on trades. For example, if a trader wants to purchase $1,000 worth of Bitcoin on the BTC-USD pair with 5X leverage, they’ll only need $200 in either BTC or USD as collateral in the account to have a full position worth $1,000. Delivering flexibility with fund management, users can use either a base or counter currency to open margin positions.
With .12% daily (.0005% hourly) on open margin positions, Blockchain.com’s Exchange margin rates are among the lowest and most competitive in the industry.
“We’re always iterating and improving our core product experience and are excited to roll out the most requested features like margin,” said Peter Smith, CEO and Co-Founder of Blockchain.com. “We are always looking for ways to expand access to cutting edge financial products to our users.”
Margin trading is currently supported for Gold-verified users but is not currently available for users in the US, UK, Canada, Japan, Germany, Austria, Italy, France, The Netherlands and select other countries. To learn more about margin trading, please visit the Support Center.