11/24/2020 0 Comments Coinbase Pro, a US exchange for professional cryptocurrency trading, will no longer provide margin trading.Citing guidance from the Commodity Futures Trading Commission (CFTC), the organization announced there will be no new margin trades starting 5 pm ET on November 25. It replied that the “product will be chosen offline in December already all existing margin positions have expired.” “We expect evident, common-sense regulations for margin lending products are desired to preserve and provide peace of mind to U.S. customers,” Chief Legal Officer Paul Grewal wrote in a brief blog post today. “We look forward to working with regulators to achieve this goal.”
Your daily dose of cryptocurrency news, learning, gossip, and discussions. Listen Margin trading is when an investor borrows funds from a third party, in this case Coinbase, to make trades for more than they own. Coinbase Pro required investors interested in margin trading to be onboarded so they considered the basic concepts and risks. Evidently, it's concerned that's no longer satisfactory to maintain clear of regulators.
0 Comments
Leave a Reply. |
BtcTap StaffWe will work around the clock to provide Crypto news. BtcTapClick on the dropdown button to translate. Translate this page: You can translate the content of this page by selecting a language in the select box. Archives
October 2022
CategoriesAll Altcoins Bakkt’s Exchange Bangladesh Crypto Currency News Bitcoin News Bitcoin Wallet Crypto Bills Crypto Currencies And Rappers Crypto Currency Exchange Crypto Currency News Crypto Currency Politics Crypto Price Prediction Crypto Roundups Crypto Staking Crypto Taxes Elon Musk Ethereum Federal Reserve Ira Platform Make Money MeMe Crypto Metaverse Mining’s Rig NFT Nigeria Crypto Currency News Our 1st Round Picks For 2022 PayPal Prophet Muhammad Crypto Currency Reddit News Robinhood Short Articles Stablecoin Staff Picks Vietnam Crypto Currency News |