Coinsetter introduced new features to its Platform. Bitcoin traders are now able to use Bitcoin Margin Trading, Shorting. Costumers, now have access to 5.0x leverage and shorting with interest-free margin.
This Monday, the New York-based bitcoin exchange, announced the extension of margin trading capabilities to all of its users. 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.
Jaron Lukasiewicz, Coinsetter CEO 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.”
Customers can add margin credits to their account by visiting the account dashboard and clicking the “Request Margin” option. On the popping screen they can enter how many additional trading funds in BTC or USD they would like to see added to their account. The account is then reviewed by Coinsetter’s team for approval. Accounts must have an equity value of at least $250 to be eligible for margin trading.
Previously only select businesses were able to receive margin on Coinsetter’s exchange, but with this release of these new features, bitcoin traders with any account type are now able to trade and short the deliverable bitcoin spot market with up to 5.0x leverage.
Lukasiewicz added:
“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.”
Coinsetter recently added to the CFTC-regulated Tera Bitcoin Price Index. Coinsetter’s New York-based exchange offers high uptime, low latency trade execution, enterprise bitcoin security by Securicoin, deep liquidity and attractive pricing. Now, the exchange introduces a new set of “wallstreet trading” features.