Coinsetter, a bitcoin exchange based in New York City, has extended margin trading capabilities to all of its users. Previously only select businesses were able to receive margin on Coinsetter’s exchange, but with this release of new features, bitcoin traders with any account type will be able to trade and short the deliverable bitcoin spot market with up to 5.0x leverage.
Coinsetter users can trade with margin by posting collateral of as low as 20% of the margin balance added to an account. Collateral can be posted entirely in bitcoin if preferred, and margined positions do not accrue interest–a feature that is unique to Coinsetter’s margin offering.
Coinsetter CEO Jaron Lukasiewicz said:
Coinsetter has made bitcoin trading capital efficient with the expansion of our margin trading capabilities, which were previously only available to business customers. Traders globally can now maximize their ability to capture bitcoin trading opportunities.
We have opened up our platform due to the success of the business program and from overwhelming demand from the public. As a result, Coinsetter is now offering all clients access to up to $25,000 in interest-free margin at up to 5:1 leverage. For the first time, the majority of traders will have access to leveraged capital on the most advanced, low-latency and highly secure bitcoin exchange in the world.
Founded in 2012, Coinsetter was recently added to the CFTC-regulated Tera Bitcoin Price Index, and claims to offer high uptime, low latency trade execution, enterprise bitcoin security by Securicoin®, deep liquidity and attractive pricing.