Blockchain.com, a crypto/bitcoin wallet and exchange company, announced today the official launch of margin trading on its Blockchain.com Exchange.
Margin trading is currently supported for Gold-verified users and is not currently available for users in the US, UK, Canada, Japan, Germany, Austria, Italy, France, The Netherlands, and other select countries.
For now, the margin trading service supports only the BTC-USD trading market.
With margin trading on the Blockchain.com Exchange, users can select between 2x and 5x leverage.
“Ever since we launched the Exchange back in 2019, one of the most commonly requested features is margin trading. I’m pleased to announce today that we’re launching margin — with up to 5x leverage — to users in over 150 countries. I’m particularly pleased that we’re able to provide fees as low as .12% daily (.02% every four hours) on open margin positions, making Blockchain.com’s Exchange margin rates among the lowest and most competitive in the industry.”
– Silvia Chen, Product Manager at Blockchain.com