New York City based bitcoin broker and exchange with an institutional feature set serving professional traders and bitcoin businesses announced today they have released margin trading and shorting capabilities to all Coinsetter users.
Per the announcement sent to all current and prospective clients, previously only select businesses were able to receive margin on Coinsetter’s exchange. However, with this release of new features, bitcoin traders with any account type will be able to trade and short the deliverable bitcoin spot market with up to 5x leverage.
Collateral (which is 20% at 5:1 leverage) can be posted entirely in bitcoin if preferred, and margin positions do not accrue interest, a feature that is unique to Coinsetter’s margin offering. Accounts must have equity value of at least $250 to be eligible for margin trading.
INITIAL AND MAINTENANCE MARGIN REQUIREMENTS
$1,000 to $5,000 20% (5.0x Leverage)
$5,001 to $25,000 30% (3.3x Leverage)
(maintenance margin 10% on all balances)
Coinsetter states on their website that margin for larger amounts available soon.
Learn more about the margin trading offering on the Coinsetter blog.