Blockchain.com launches margin trading: 5x leverage on BTC/USD

Rick Steves

With .12% daily (.0005% hourly) on open margin positions, Blockchain.com claims its margin rates are among the lowest and most competitive in the industry.

Blockchain.com has launched leveraged trading on its cryptocurrency exchange, featuring margin with up to 5:1 leverage in the BTC-USD trading pair.

The margin trading service, available in more than 150 countries, allows traders to multiply exposure to the markets, both increasing the potential for profit but also for loss.

Blockchain.com is one of the world’s oldest and cryptocurrency platforms and is now following the leveraged trading trend that has taken the crypto space by storm.

The platform allows flexibility with fund management, so traders can use either a base or counter currency to open margin positions.

With .12% daily (.0005% hourly) on open margin positions, Blockchain.com claims its margin rates are among the lowest and most competitive in the industry.

Peter Smith, CEO and Co-Founder of Blockchain.com, said: “We’re always iterating and improving our core product experience and are excited to roll out the most requested features like margin. We are always looking for ways to expand access to cutting edge financial products to our users.”

Although available in 150 countries, margin trading is not supported for users in the United States, United Kingdom, Canada, Japan, Germany, Austria, Italy, France, The Netherlands, among other countries.

Margin trading is currently supported for Gold-verified users on the Blockchain.com’s Exchange platform. The London and Miami-based company caters to millions of users across the globe.

Blockchain.com has raised more than $500 million in funding from leading global investors including Eldridge, GV, Kyle Bass, Lakestar, Lightspeed Venture Partners, Moore Strategic Ventures, Rovida Kruptos Assets Limited, and others.

The $500 million was raised in two funding rounds with a month between them. The first valued the company at $3 billion and raised $120 million. The second round valued the company at $5.2 billion and raised $300 million.

The crypto wallet provider has recently surpassed $1 trillion in crypto transactions and the firm seems to want to go public in about 18 months.

Macrina Kgil, chief financial officer at Blockchain.com, noted that for an initial public offering to be successful, there are certain prerequisites they have to keep an eye on such as having a well-defined corporate structure.

The cryptocurrency exchange has reported a 300% increase in active users in 2021 as interest in cryptocurrencies soared on the back of a heady bull run earlier this year.

Read this next

Retail FX

Banxso announces 8.7% interest rate on deposits in South Africa

“With Banxso, they can enjoy the benefits of both worlds – earning competitive interest and having the freedom to trade, all within the same platform.”

Industry News

FINRA to publish transaction details in U.S. Treasury securities

“Consistent with our longstanding practice, FINRA is introducing greater transparency in a calibrated and careful manner, benefiting liquidity and resilience in this critical market while also mitigating potential information leakage concerns.”

Institutional FX

OpenYield launches “cheap and easy” fixed income trading for brokers

“We’re on a mission to make bonds cheap and easy to trade, and are excited about the opportunity to build generational capital markets infrastructure.”

Digital Assets

Sumsub and Mercuryo publish a guide for VASPs: “Mastering Travel Rule Compliance”

“At Sumsub, we’ve concentrated our efforts on filling the gap in understanding the complexity of Travel Rule regulation and helping organizations find the best solution to stay safe and compliant while minimizing costs and avoiding potential risks of non-compliance. This guide we created with Mercuryo, our trusted partner, is the ultimate navigation tool all VASPs can consult.”

Digital Assets

Bitget Wallet Leads with Record Swap Volume & New Crypto Innovations

This week, Bitget Wallet achieved a milestone by surpassing Metamask with a record 388,757 Swap order transactions, securing the global lead. The significant 7-day trading volume, almost 68,000 more than its rival, underscores its liquidity and user trust. This robust activity signals Bitget Wallet’s prominent role and reliability in the dynamic crypto market.

Digital Assets

Embarking on a Digital Currency Journey

Imagine you’ve stumbled upon a treasure map, leading you to untold riches hidden in the vastness of the internet. Instead of gold coins and jewel-encrusted goblets, this treasure comes in the form of digital currencies, the modern-day loot coveted by many.

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

<