Why Professional Traders Now Have More Reason To Try Bitcoin
TAGS: CuttingEdge
“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
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