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.
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.