Coinbase CEO Brian Armstrong comments on margin trading

Posted 17 May, 2019


On May 16, Coinbase CEO Brian Armstrong conducted a live broadcast from the company's office in New York. In the course of answering the questions, the head of the largest US company first touched upon the topic of numerous altcoins and methods for identifying quality projects. 

The main part of the conversation concerned the discussion of margin trading that this is the most requested function for which there is a clear market demand, as he noted. However, introducing margin trading to the Coinbase platform requires solving some regulatory some issues:

" This is one of those products where it is necessary to introduce innovations not only in technology, but also in the sphere of regulation."

In conclusion, Brian Armstrong confirmed that the Coinbase debit card previously introduced only for UK residents will soon be available for US residents.

Earlier, Armstrong spoke at Consensus 2019, he noted:

" The most important thing to understand about the cryptoeconomy is that we’re not simply righting the wrongs of finance 1.0."

It was reported earlier that Coinbase announced launch of its Visa debit card for the UK users, so they would become able to pay services and products using cryptos via this card. The announcement was made in early April. Along with this expansion, Coinbase has recently taken measures to widen the list of the countries where the platform supports USDC trading.

Previous story

17 May, 2019 11:48

← Good economic reports bolster US dollar

The US dollar stays new peaks this Friday given good economic figures reported in the USA as well as the higher yield of the US Treasuries. The US Dollar index decreased to 97.650 after hitting the early-May peak at 97.882 yesterday. The positive dynamics of the greenback is related to strong housing market data and weekly unemployment report which confirmed a stable upturn in the US labour market.

Good economic reports bolster US dollar

Next story

16 May, 2019 17:13

Blockstream announces new platform for security tokens →

It became known that the company Blockstream is working on launching a new platform of tokenized securities. The platform will be able to provide users with the opportunity to work and release their own tokens using the Liquid Network Bitcoin sidechain.

Blockstream announces new platform for security tokens
Write a comment
 
Prove you’re not a bot + 8 = 22