Coinbase considers launching margin trading

Posted 30 May, 2019

It is becoming known that earlier statements by Coinbase CEO Brian Armstrong about the company's plans to introduce margin trading were confirmed. Emilie Choi, vice president of business and international cooperation at Coinbase, in an interview with The Scoop program, said that the stock exchange is looking to trade using borrowed funds.

“Margin lend borrow is definitely going to be the next big step for us, especially on the active trader side.”

Margin trading refers to operations with high risks. Despite the fact that in the US there are rules protecting investors when trading with margin, in the unregulated market, such operations may incur additional risks.

The formation of regulatory rules in the US cryptocurrency market does not allow Coinbase to determine the exact date and tell about future plans for innovations, among which, in addition to margin trading, work with futures and options is expected.

“We still need to figure that out because there's not a lot of regulatory clarity there right now in the US, and so that is being discussed.” -  noted Choi.

On the question of competition with Binance, which is actively working to launch margin trading and derivatives trading in Asia, Choi noted that the market is large and will be enough for everyone. In her opinion, Binance and Coinbase are more likely friendly cryptocurrency giants than competitors.

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30 May, 2019 16:49

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