The end of margin trading on Coinbase

[BLU]

Hey guys,
Do you think the margin trading is coming to the end as Coinbase plans to close all margin trading due to CFTC regulations? Many other exchanges with margin trading will be doomed too as other regulators may follow.

[mk4]

It depends how this certain regulation actually is. It might just be the case that Coinbase didn't see that much demand on their leverage trading arm, and it simply just wasn't worth all the hassle; because as we know, Coinbase seems to strive to be as government-friendly as possible, in contrast to exchanges like BitMEX whereas they're pretty much always at the center border of being legal and illegal.

[Charles-Tim]

The San Francisco-based trading platform announced Tuesday that it would prevent customers from placing new margin trades beginning at 2 p.m. PT (22:00 UTC) on Wednesday, while simultaneously canceling any open limit orders. Coinbase will end the margin trading feature entirely next month, once existing positions expire. This is due to recent regulations by the Commodity Futures Trading Commission (CFTC). I hope margin traders will leave coinbase.

It depends on the regulators as coinbase is ready to comply.

https://www.coindesk.com/coinbase-ends-margin-trading

[usekevin]

Hey guys,
Do you think the margin trading is coming to the end as Coinbase plans to close all margin trading due to CFTC regulations? Many other exchanges with margin trading will be doomed too as other regulators may follow.

You should have a view of the Localbitcoin.I had experience from long and you should check that.Because it had low incoming transaction fee and sending transaction fee.Their are lot of Fiat available with respect to bitcoin their and you can buy with good rate.You can create advertisement and buy or sell bitcoin.

[asriloni]

Hey guys,
Do you think the margin trading is coming to the end as Coinbase plans to close all margin trading due to CFTC regulations? Many other exchanges with margin trading will be doomed too as other regulators may follow.

yes I do,im thinking that margin trading will be coming to its end for the US based exchange sites only. CTFC regulations will be probably applied to the all of US based exchange sites.
Coinbase is only the first exchange site who is removing the margin trade. I expect another exchange site will be doing the same too.

[el kaka22]

Well, we have seen bitmex people get jailed for the same thing, so it would be wise for coinbase to not piss of SCC and SEC which is why they are closing down the margin trading part of their business. However remember, bitcoin is global and not at the grasp of USA, even if every single cent in USA was removed from crypto, I would say we would be lower but still quite alive as well, still would be going strong, be lower but still be part of the world.

So, people could move their money towards margin trading websites that are not based in USA and they can do their margin trading there, it would be simpler for many. Even binance has started with margin trading so I would say it would be quite easy to just move your money to binance and do your margin trading and cash out wherever else you want normally.

[Rodeo02]

yes I do,im thinking that margin trading will be coming to its end for the US based exchange sites only. CTFC regulations will be probably applied to the all of US based exchange sites.
Coinbase is only the first exchange site who is removing the margin trade. I expect another exchange site will be doing the same too.

Yes ,only us base exchange will only be affected with this other countries exchange will not removing it unless they see that there is not enough volume to continue having it .or if they also have strict regulations in their country regarding margin trading.

[stompix]

You should have a view of the Localbitcoin.I had experience from long and you should check that.Because it had low incoming transaction fee and sending transaction fee.

You have no idea what margin trading is, do you? 

So, people could move their money towards margin trading websites that are not based in USA and they can do their margin trading there, it would be simpler for many.

Bitmex was not based in the US, there is no place on this earth that will keep you safe if they want to come after you. Even the whole based in Russia and be safe from the US myth was shattered in a billion pieces with BTC-e.

Coinbase seems to strive to be as government-friendly as possible, in contrast to exchanges like BitMEX whereas they're pretty much always at the center border of being legal and illegal.

Yeah, that's the main thing, they have offered margin trading for a long time then decided to restrict it since by the time of the GDAX scandal and started on different terms with Pro, but probably it's begging to be too much of a hassle and bring in way too little money to live with a dangling ax over your head all time time. They are trying to do everything they can to be on the best terms with every authority, certainly, they are having tons of bitcoins in their pockets and made a lot of money already so they prefer to enjoy those from the outside.

[ScamViruS]

yes I do,im thinking that margin trading will be coming to its end for the US based exchange sites only. CTFC regulations will be probably applied to the all of US based exchange sites.
Coinbase is only the first exchange site who is removing the margin trade. I expect another exchange site will be doing the same too.

Yes ,only us base exchange will only be affected with this other countries exchange will not removing it unless they see that there is not enough volume to continue having it .or if they also have strict regulations in their country regarding margin trading.

Yeah. The exchanges that are in us will face this problem. In my opinion, margin trading should be brought under a strict policy in all countries. Because of this margin trading many times we see abnormal movement in the market so that the situation gets worse for normal traders.

So I think in all countries margin trading should be strictly regulated by the regulators of that country. This will create a good situation for all traders.

[passwordnow]

I've heard that they are about to end it so that's basically the clue that it's about to end.

You should have a view of the Localbitcoin.I had experience from long and you should check that.Because it had low incoming transaction fee and sending transaction fee.

It's not about the fee, trading on LBC is different from margin trading.

yes I do,im thinking that margin trading will be coming to its end for the US based exchange sites only.

Them being strict will lead most of the US based exchanges to closed this type of trading and everyone will rely to spot trading.