Bitcoin (BTC) wallet and exchange platform Blockchain.com has reportedly disclosed details regarding the rollout of new margin trading offerings.
Specifically, Blockchain.com reportedly revealed via a blog post on October 12th, Bitcoin margin trading has come up quite frequently via many requests from users, ever since the exchange was officially available two years ago.
Per the announcement, the platform will introduce margin trading supporting the Bitcoin-United States dollar (BTC/USD) pair, with a maximum of 5x leverage.
Users across 150 nations will reportedly be able to tap into the exchange’s Bitcoin margin trading offering, apart from a few particular countries, nominally Italy, France, Canada and the United States, Japan, Germany, Austria, the United Kingdom, and the Netherlands.
gold-verified users with full identity verification are the only user group allowed to tap into the margin trading functionality.
When it comes to cost, the announcement reportedly revealed a 0.12% fee for day-to-day trading, on open margin trading positions, which is equal to 0.02% for every four hours.
The introduction of margin trading is the most recent milestone for Blockchain.com, since widening the scope of its range of offerings to cover cryptocurrency exchange services.
In August this year, the platform reportedly exceeded the $1 trillion benchmark in crypto transactions, with the further revealed that it is planning to carry out an initial public offering (IPO) by 2023.