Coinbase May Launch Margin Trading

Margin trading was launched on the GDAX, which was later renamed to Coinbase Pro, however, this feature was turned due to the ambiguity in the legal field
30 May 2019   1052

In a conversation with The Block, Coinbase vice president Emilie Choi said the company is considering launching margin trading.

According to her, the launch of margin trading and the associated lending is an important step for the development of Coinbase. However, Choi notes, there are still many regulatory uncertainties in the cryptocurrency market that contribute to the occurrence of risks.

We still need to figure that out because there's not a lot of regulatory clarity there right now in the US. And so that that is being discussed.

Emilie Choi 

VP of Business, Data & International, Coinbase

According to CCN, recently the head of Coinbase, Brian Armstrong, expressed confidence that the margin trading option is one of the most popular. Also, according to him, a Coinbase debit card, previously made available to residents of the UK, will soon be launched in the United States.

Note that margin trading was launched at the beginning of 2017 on the GDAX exchange, which was later renamed to Coinbase Pro. However, at some point, this feature was turned off, presumably due to the ambiguity in the legal field and the tightening of requirements on the part of regulators. So far, according to the FAQ on the website of the exchange, trading with leverage is not available.

Margin trading option is currently being finalized by the largest cryptocurrency exchange Binance.

DEAPCOIN IEO to be Held at OKEx on 8.04

The project is planning to raise $2M a the price of 1 DEP on IEO will be $ 0.0025
25 March 2020   1017

OKEx Exchange announced Wednesday the 11th initial exchange offering (IEO). It will be conducted by the DEAPCOIN Project (DEP) and will be held on April 8th.

As in previous OKEx campaigns, the selection of participants and the selection of the allocation coefficient will be carried out according to two criteria: the average daily balance of OKB and the trading volume on the exchange. For each of the groups, allocation of 400 million DEP tokens is allocated.

The price of 1 DEP on IEO will be $ 0.0025. Thus, the project intends to attract up to $ 2 million from OKEx users. Trading in USDT and USDK pairs will start on the same day.

The DEP token was released by DEAPCOIN to shape the economy around the PlayMining entertainment platform they are developing, where users can earn cryptocurrency during games. DEP is presented as an ERC-20 standard token, while game items on the blockchain will use the ERC-721 standard.

Despite the generally negative dynamics of the IEO space recently, the token of the previous placement of the OKEx platform - HyperDAO - that passed at the end of February is currently trading almost 3 times higher than the initial selling price.