Home News The exchange Blockchain.com has launched margin trading with Bitcoin

The exchange Blockchain.com has launched margin trading with Bitcoin

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Blockchain.com, a Bitcoin (BTC) wallet and exchange platform, has announced the release of margin trading services.
Gold-verified Blockchain.com exchange users from over 150 countries can now trade Bitcoin with up to 5x leverage.

Since opening its exchange service in 2019, Blockchain.com has received numerous requests for Bitcoin margin trading, according to a blog post published on Tuesday.
The release announced also that the platform will begin margin trading with up to 5x leverage. For the Bitcoin-US dollar (BTC/USD) pair.

Users in roughly 150 countries will be allowed to use the exchange’s Bitcoin margin trading service. With notable outliers such as Italy, France, Canada, and the United States. Japan, Germany, Austria, the United Kingdom, and the Netherlands are among the countries that are excluded.

What will be the percentage of daily trading fees for the new service?

According to Tuesday’s release, only gold-verified customers with full KYC will be able to use the margin trading option.
The notification claimed that daily trading fees on open margin trading positions would be 0.12%. Which is equivalent to 0.02% every four hours.

Since expanding its product portfolio to include bitcoin exchange services, Blockchain.com has reached another milestone with the debut of margin trading.
In August, the platform said that it had processed $1 trillion in cryptocurrency transactions and that it was considering an initial public offering (IPO) by 2023.

Blockchain.com expand its institutional business

Following the example of Coinbase, Blockchain.com’s IPO aspirations are part of an expanding trend of exchanges and other crypto businesses pursuing public listings. Kraken and Circle, for example, are considering going public on the stock exchange.
Earlier this year, the wallet and exchange platform held three fundraising rounds and with a total value of $5.2 billion as of March. According to reports, Blockchain.com used the funds to expand its institutional business.

In June, Blockchain.com worked with Unstoppable Domains to enable username-based transactions to 32 million verified consumers.

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