New York City based Coinsetter has announced the availability of margin trading to all account holders. The Bitcoin exchange also stated that users will be able to short Bitcoin as well. According to the company;
“Previously only select businesses were able to receive margin on Coinsetter’s exchange, but with this new feature release, bitcoin traders with any account type will be able to trade and short the deliverable bitcoin spot market with up to 5.0x leverage.”
Similar to using margin accounts for stocks, investors much post a minimum collateral of 20% as a margin balance. Collateral can be posted entirely in bitcoin if preferred, and margined positions do not accrue interest–a feature that is said to be unique to Coinsetter’s margin offering.
Coinsetter CEO Jaron Lukasiewicz released a comment on the update;
“Coinsetter has made bitcoin trading capital efficient with the expansion of our margin trading capabilities, which were previously only available to business customers. Traders globally can now maximize their ability to capture bitcoin trading opportunities.”
“We have opened up our platform due to the success of the business program and from overwhelming demand from the public. As a result, Coinsetter is now offering all clients access to up to $25,000 in interest-free margin at up to 5:1 leverage. For the first time, the majority of traders will have access to leveraged capital on the most advanced, low-latency and highly secure bitcoin exchange in the world.”
Coinsetter was founded in 2012.
