- One of the many things that companies attempt to strive for is customer satisfaction.
- Coinbase Pro is bringing in margin trading as one of its services as a response to several requests from many of its users.
One of the many things that companies attempt to strive for is customer satisfaction. In an attempt to further its satisfaction rate in its clients, Coinbase Pro is bringing in margin trading as one of its services as a response to several requests from many of its users. The platform arm of the United States-based cryptocurrency company, Coinbase will be now offering that service to customers over 23 states and in 9 different countries across the world where the service will be available for institutional clients.
Individual clients are going to be able to access the service however, for now, it will be restricted to the 23 states. In order to qualify for this, people must have been actively trading on Coinbase Pro, which will prove how active their account is with their recent deposits and withdrawal transactions. On top of this, they must have reasonable digital assets in their account as collateral. Institutional customers, on the other hand, will only need to be in the 23 states or nine countries where the feature is available.
Even though it is very risky, margin trading can potentially be very profitable and allows traders to buy and sell the securities in just one single session. Traders are allowed to borrow funds as well as hedge across several different positions without depositing more funds.
If you’re an experienced trader then this is for you however, if you are newer to the industry then maybe look for different alternatives. But when it comes to Coinbase, there is no better platform to use for trading experience. It is well known that the platform has a good reputation for security and compliance as well as reliability.
As this progresses, the company is expecting to expand its margin trading service to customers all over the United States and in different parts of the world. More assets will be added to provide several different options which will give customers the potential to magistrates their favourite cryptocurrencies in the space.
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Author: Robert Johnson