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

Market News

Stock Market Analysis: Is NVDA Losing Its Leadership?

Since the beginning of the week, the S&P 500 Index (US500) has seen a modest increase of about 0.58%, whereas NVDA’s share price has experienced a decline of approximately 3.8%. This recent divergence raises concerns among Nvidia stock investors — could it signify a loss of NVDA’s market leadership?

Industry News

ESG: Australian regulator wins first greenwashing court case against Vanguard

Vanguard admitted that a notable portion of the securities within both the Index and the Fund did not undergo the promised ESG scrutiny.

Fintech, Uncategorized

BitMEX integrates HALO from Solidus Labs for cross-market surveillance

““The recent approval of the Spot Bitcoin ETF has piqued the market’s interest. As a result of price volatility, the trading volumes for crypto derivatives have gone up substantially. HALO, with its advanced technology and crypto-native detection architecture, will enable BitMEX to smoothly and safely scale trade surveillance across its increased trading volumes and provide the necessary safeguards for new product launches.”

Reviews

IUX Broker Review

IUX, recently rebranded from IUX Markets, stands as a multi-asset Forex broker recognized for its regulatory compliance across various jurisdictions.

Industry News

Horizon Software rebrands to Horizon Trading Solutions

“Horizon Trading Solutions has seen accelerated global growth over the past year to meet the rising demand for our trading solutions and built-for-purpose technology offering. The choice to rebrand represents a key part of this development, while maintaining our heritage and history in the industry.”

Market News

USDJPY has surged to levels last witnessed in 2022. Should we consider opening a short position?

The recent resurgence of the US dollar has propelled USD/JPY to new heights, touching levels not seen since 2022. This surge comes against the backdrop of stable short-term yields and ongoing economic data that fails to signal a significant slowdown, prompting questions about the extent of current monetary easing measures.

Digital Assets

DED Trends on Twitter After Memecoin Snapshot Announcement

Polkadot-backed community coin #DED, made it to the trending charts on X, demonstrating community’s engagement and interest behind the memecoin. 

Digital Assets

BlockDAG Presale Nears $10 Million Amid Toncoin’s Momentum, Green Bitcoin’s Presale, and the Rise of Other Top Cryptos

This article will examine three top trending topics: Toncoin’s potential, Green Bitcoin’s innovative presale, and BlockDAG’s sustainable mining approach. These cryptocurrencies take centre stage for their uniqueness and innovation.

Digital Assets

Coinbase scores minor victory vs SEC, but lawsuit to proceed

A federal judge in Manhattan, U.S. District Judge Katherine Polk Failla, ruled on Wednesday that the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Coinbase can largely proceed.

<