Bitcoin (BTC) wallet and exchange platform Blockchain.com has announced the introduction of margin trading services.
In a blog post issued on Tuesday, Blockchain.com stated that Bitcoin margin trading had been a regular request from users since launching its exchange service in 2019.
According to the announcement, the platform will launch margin trading for the Bitcoin-United States dollar (BTC/USD) pair with up to 5x leverage.
The exchange’s Bitcoin margin trading service will be available to users in about 150 countries, with significant exceptions for Italy, France, Canada and the United States. Other exempted jurisdictions include Japan, Germany, Austria, the United Kingdom and the Netherlands.
Only gold-verified users with full identity verification will have access to the margin trading feature according to Tuesday’s announcement.
In terms of cost, the announcement stated 0.12% in