Coinsetter Enables 5x Margin for All Traders, Interest-Free

New York-based bitcoin exchange Coinsetter has enabled margin and short trading for all trader types, allowing them to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term deposits by 5x, and without interest charged on the first $25,000 borrowed.

Coinsetter introduced margin and shorting earlier this year, but only for select accounts and market makers. The offering was rolled out concurrently with post-trade settlement, allowing qualified accounts to fund their accounts after making trades.

The value of both bitcoin and dollar deposits is taken into account when determining the maximum trading power.

The move represents a push to attract traders in the competitive USD market. Coinsetter currently ranks ninth in USD-based trading volume during the past 30 days.

Coinsetter's 5x leverage allowance is higher than the typical 3x provided by those offering margin. In an effort to woo traders, exchanges have been considering increasing their margin allowances.

Up until recently, bitcoin prices had maintained one of their longest stretches in history, raising the appetite for higher leverage among traders and making it less risky for brokers to offer it. Kraken CEO Jesse Powell told Finance Magnates that his exchange is considering raising its leverage to 10-20x. Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term brokers who provide trading on fiat currencies, which are ordinarily less volatile than bitcoin, can offer leverage as high as 1:1000.

Last month, Coinsetter partnered with ShiftForex to launch Bitbroker, allowing forex brokers to provide access to bitcoin trading based on Coinsetter's marketplace.