Coinbase Pro Disables Margin Trading, Citing CFTC Guidance

Coinbase Pro Disables Margin Trading, Citing CFTC Guidance

By Abhimanyu Krishnan | News | 25 Nov 2020


Coinbase Pro will disable margin trading from Nov. 25, according to an announcement made on Nov. 25.

  • Coinbase cited guidance from the United States Commodity Futures Trading Commission as the reason why it has disabled the product
  • The exchange also said that it believes “clear, common-sense regulations for margin lending products are needed to protect and provide peace of mind to U.S customers” and that it looked forward to working with regulators
  • All margin trading features will be disabled from 14:00 PST Nov. 25, with the product to be taken offline entirely in Dec. once all margin positions expire; customers using credit had their open limit orders cancelled immediately 
  • Exchanges operating in the United States, or with users from the US, have been rethinking their operations in the country following increased regulatory clampdown, as in the case of BitMEX
  • Binance informed users registered in the US that they two weeks to withdraw their funds before their accounts are closed, citing violation of terms of service

Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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