Blockchain.com Adds Margin Trading Feature

Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term.com, a leading cryptocurrency services provider, announced on Tuesday that it is launching margin trading globally. According to a blog post, the feature will enable customers from over 150 countries to trade with up to 5x Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term in assets such as BTC/USD.

“I’m particularly pleased that we’re able to provide fees as low as 0.12% daily (0.02% 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, commented on the matter.

The feature is now available through the Exchange’s panel, where people could choose 'Margin' when using it for the first time. In addition, users could pick between 2x and 5x leverage for each trade, the company clarified.

Currently, margin trading will be supported for Gold-verified Blockchain.com users, and it is not available for users based in the United States, the United Kingdom, Canada, Japan, Germany, Austria, Italy, France, The Netherlands and other countries mentioned in the company’s website. “We’re excited that users around the world will now have access to this much-desired feature, and we look forward to shipping more products and features for Exchange customers,” Chen added.

Moving to Miami

Additionally, the crypto services provider has been planning to move its US headquarters from New York City. As Finance Magnates reported in June, Blockchain.com wants to move its US headquarters to Miami.

Miami is a prime location for innovative crypto companies. Additionally, the company highlighted the efforts of Miami Mayor Francis Suarez in the regional expansion of the cryptocurrency market. As a result, Blockchain.com is planning to hire 100 full-time employees in Miami by the end of 2021. Furthermore, the company is eyeing the hiring of another 200 full-time employees in 2022.

Blockchain.com has seen significant growth since the start of 2021 amid a surge in demand for cryptocurrency services.