Coinbase Considering Margin Trading Option, Is It Following the Suite of Binance?

Coinbase Considering Margin Trading Option, Is it following the suite of Binance.?

Coinbase Considering Margin Trading Option, Is It Following the Suite of Binance?

In a recent interview, Coinbase’s VP of Business, Data & International, Emilie Choi hints the company’s upcoming plans. In her talk, she states that Coinbase is thinking to launch a margin trading option on its platform.

To remind, Binance was the latest exchange which gotten the mainstream media attention due to its margin trading option. However, the timeline of the launch is still unclear – according to Emilie Choi, the feature is going to be the next big step. She adds;

“Margin lend borrow is definitely going to be a next big step for us, especially on the active trader side,”

The exchange in particular with U.S regulations is still on pause mode to introduce features like options and futures trading. Talking about the regulatory scenario currently exists in the United States, she says;

“We still need to figure that out because there’s not a lot of regulatory clarity there right now in the US,” Choi said. “And so that is being discussed.”

Although Margin trading by its nature brings potential profit to the investors or traders, it also carries huge risk. However, those who learned the tactics, are leveraging the benefit of these options on exchanges like Binance and many others.

Also Read – Facebook’s ‘GlobalCoin’ to Attract 2 Billion People To Coinbase and Crypto Exchanges?

Nevertheless, Coinbase often comes in competition with Binance exchange, not particularly by their founders but by the crypto community on social media Twitter. In fact, few crypto enthusiasts think that the exchange is following the suit of Binance exchange. Moreover, On questioning the competitor between Coinbase and Binance, Choi said that both (Binance and Coinbase) are fewer competitors and more friendly giants.

While Coinbase is still thinking, Binance exchange is already taking its another big move. According to the reports, Binance is planning to introduce derivatives market, allowing traders to buy on margin.

“We couldn’t probably be more differentiated than them in terms of the focus on the fiat to the crypto bridge and being that safely trusted center of the crypto economy,” Choi said. “So I think they’re playing one game, we’re playing another.”

So readers, what’s your view on Coinbase’s next move of considering Margin trading option.? Let us know in the comment below

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Coinbase Considering Margin Trading Option, Is it following the suite of Binance.?
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Coinbase Considering Margin Trading Option, Is it following the suite of Binance.?
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In a recent interview, Coinbase’s VP of Business, Data & International, Emilie Choi hints the company’s upcoming plans. In her talk, she states that Coinbase is thinking to launch a margin trading option on its platform.
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Author: Tabassum

Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com

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Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com

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