The Blockchain.com cryptocurrency platform is expanding the functionality for trading bitcoin – now platform users will have access to BTC trading with five times the leverage.
Users from 150 countries will have access to the new feature, but customers will need a “gold” verification status. Also, margin trading is not available for residents of the USA, Great Britain, Canada, Japan, Germany, Austria, Italy, France, the Netherlands and several other countries.
“Since we launched the exchange in 2019, launching margin trading has become the most popular request from our clients. And we are pleased to announce that we are adding the ability to trade in the BTC / USD pair with a leverage of 2X to 5X, ”the company’s blog says.
The site representatives emphasize that the commissions for maintaining positions on Blockchain.com will be among the lowest. Every four hours, maintaining a position will cost 0.02% of the transaction amount. Thus, the commission per day will be 0.12%. The report says that margin trading allows you to increase profitability, but also increases the risk of losing funds.
As a reminder, in March this year, the Blockchain.com platform received $ 300 million from venture capitalists during the Series C funding round. The company’s total capitalization reached $ 5.2 billion.
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