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Coinbase’s GDAX launches margin trading

Coinbase’s Global Digital Asset Exchange (GDAX) has announced that it has added a new margin trading feature.


According to the official announcement, with this feature, eligible customers would be able to trade up to 3x leveraged orders on bitcoin, ethereum, and litecoin order books. Moreover, in order to celebrate this launch, the startup said that there will be no fees to access margin trading.

“We are excited to launch a margin feature that meets the high demands of professional traders while addressing federal and state regulatory requirements. We believe this feature will attract a new wave of institutional clients, ultimately reducing volatility and supporting growth of the digital asset industry”, GDAX head Adam White said.

CoinDesk reported that New York-based trades would not be able to access ether-denominated margin trading immediately. However, the company added that the support would be rolled out in the future.  Also, each leveraged market will have a margin funding limit, which will cap the potential size of each trade.

The launch, announced alongside the introduction of GDAX Trading Rules, represents an important step towards the startup’s commitment to creating a more transparent and fair market, White added.

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2017-03-23 08:00:49
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March 23 07:45 UTC Released

FRBusiness Climate

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104 %

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107 %

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107 %

March 23 07:00 UTC Released

TRConsumer Confidence*

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67.8 %

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65.70 %

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GBRetail Sales MM

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0.4 %

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-0.3 %

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GBRetail Sales Ex-Fuel MM

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0.4 %

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-0.2 %

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GBRetail Sales YY

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2.6 %

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1.5 %

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GBRetail Sales Ex-Fuel YY

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3.1 %

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2.6 %

March 23 11:00 UTC 161161m

GBCBI Distributive Trades

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5 %

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9 %

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USJobless Claims 4-Wk Avg

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237.25 k

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USInitial Jobless Claims

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240 k

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241 k

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USContinued Jobless Claims*

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Forecast

2.035 mln

Previous

2.030 mln

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