Coinbase stops access to margin trading

The American cryptocurrency exchange Coinbase announced, that soon the site users will lose access to marginal trade. The reason for this decision was the requirement of regulators.

The article on the company's blog reports, that the fully service of margin trading will be disconnected in December, when the existing positions with the shoulder will be expired. At the same time, new marginal positions will be banned to open today, 25 November. Besides, All limit orders will be canceled.

“We believe, that transparent and adequate regulation of marginal products is necessary, to protect American users and give them confidence. We hope to work closely with regulators, To achieve this goal ", - The article says.

Note, that Coinbase resumed the work of the marginal trade service only this year, After a three -year break. IN 2017 year, a sharp fall in the RTH token and user losses attracted the attention of the US trade futures commissions, As a result, the trade service with the shoulder was suspended.

Earlier, the head of the department for work with institutional investors of the Exchange Brett Tedzhpol (Wide tapeul) told, that since April of this year, the volume of crypto assets of such customers in the storage of Coinbase has grown on $14 billion in dollar terms and reached $20 billion.