[2014-12-16] VBTC Launches Vietnam’s First Bitcoin Margin Trading Platform

[LiteCoinGuy]

VBTC Launches Vietnam’s First Bitcoin Margin Trading Platform with Coinarch

VBTC Vietnam Co. Ltd. (VBTC.vn), an established Vietnamese Bitcoin exchange, has recently announced a partnership with Coinarch Pte. Ltd.. The two companies are partnering to launch a new service on Vietnam’s first Bitcoin exchange called “VBTC Plus” which will be Vietnam’s first Bitcoin leverage trading platform. Bitcoin leverage trading, or Bitcoin margin trading is an increasingly popular passtime for Bitcoin traders on established sites such as Bitfinex or OkCoin.

https://www.cryptocoinsnews.com/vbtc-launches-vietnams-first-bitcoin-margin-trading-platform-coinarch/

[vokain]

score one for the republic! (I have Vietnamese heritage)

[seriouscoin]

Bewares, I've worked with someone whos originated from Vietnam and they told me the government there actually arrest ppl for trading bitcoins

This socalled exchange is nothing but a bucket shop. They can run away anytime. The VN government is very strict in capital control.

[sonofliberty]

Bewares, I've worked with someone whos originated from Vietnam and they told me the government there actually arrest ppl for trading bitcoins

You're probably talking about the US.

[Divinespark]

This is really cool, I wonder how many vietnamese bitcoiners there are

[vokain]

I'm in Vietnam right now and since I was last here 10 years ago, the VND has depreciated to 21000 VND/USD from 15000 or so. While I'm in an area where no one probably would have heard of Bitcoin, I'm sure that if the ramifications of its usages were made known, Bitcoin would be VERY popular.

[bryant.coleman]

Margin trading with BTC? That seems too risky for me. May be risky for the exchange as well. And further, margin trading means that there is a strong chance of the exchange collapsing.

[vokain]

Margin trading with BTC? That seems too risky for me. May be risky for the exchange as well. And further, margin trading means that there is a strong chance of the exchange collapsing.

What exactly do you mean by "margin trading means that there is a strong chance"?

Bitfinex has a pretty well proven model with various safeguards AFAIK.

[bryant.coleman]

What exactly do you mean by "margin trading means that there is a strong chance"?

Bitfinex has a pretty well proven model with various safeguards AFAIK.

Bitcoin is highly volatile. Margin trading with Bitcoin is like doing the same with a penny stock. There can be swing of as much as 20% to 30% in a matter of hours. In that case, not only the trader, but also the exchange will lose money.