“We’re the first and only exchange to offer a product that meets the requirements of these professional and institutional traders having accounted for state and federal regulatory requirements,” says Adam White, head of GDAX.
Cryptocurrency trading just got a lot more appealing for professional traders.
Coinbase, the most well-known U.S.-based cryptocurrency exchange, Monday announced margin trading on its institutional trading platform, Global Digital Asset Exchange (GDAX).
The service, available for bitcoin, Ethereum, and litecoin, gives customers access to additional funds to make trades three times the size they typically could — a strategy that could compound their gains, but also their losses.
It also gives these investors, who are typically hedge funds, proprietary trading firms, high-net worth individuals, and family offices, the ability to “short” trades, or profit from dips in the value of these currencies.
GDAX launches margin trading
Courtesy of GDAX
GDAX Exchange to Reimburse Traders After Ether Flash Crash
GDAX, the digital asset exchange operated by Coinbase, is moving to issue refunds after a stunning flash crash last week stoked anger amongst affected traders.
Ether prices dramatically plunged to
Bitcoin Shows What Banking Should Be: American Banker
American Banker, a daily trade newspaper that has been covering the financial sector since 1836, recently featured an analytical piece by its editor-in-chief Marc Hochstein entitled “How I missed the
Sharing Economy: Why Blockchain Might Be Next Big Thing for Office Rental
The shared workspace model is poised to transform the world of work, catering to current and future trends by creating flexible and adaptive office ecosystems. According to Jones Lang LaSalle, shared
Portugal Wants to Tax Bitcoin Users, despite Lack of Regulations
Just like in the rest of the world, the media in Portugal have been all over bitcoin because of the cryptocurrency’s growing popularity… and value. Back in April, Portuguese newspaper Jornal de Negóci
Cryptocurrency Market: Is There a Price Drop around the Corner?
The cryptocurrency price rally may soon hit a temporary hurdle, leading to a slight fall, before picking up the pace again. The forecast was made by Fred Wilson, a cryptocurrency investor, and
Proof-of-Life: Vitalik Buterin Uses Ethereum to Disprove Death Hoax
Vitalik Buterin, the creator of ethereum, used the technology in an unusual way this weekend, turning to the blockchain network itself to disprove his own death.
The hoax originated on the 4chan in
Major Chinese Bitcoin Exchange Lists Ethereum Classic Ahead of Ethereum
BTCC, the second largest Bitcoin exchange in China and the world, has announced the integration of Ethereum Classic on its newly released digital cryptocurrency exchange BTCC DAX. High-profile
Monday Massacre: Bitcoin, Ethereum Lead the Way as Cryptocurrencies Retreat into the Red
Cryptocurrency traders woke up to a sea of red this morning, as 92 of the top 100 cryptocurrencies by market cap experienced a marked price decline. The bitcoin price led the retreat, falling over 6%