Japanese Crypto Exchange Coincheck To End Leveraged Trading

Japanese Crypto Exchange Coincheck To End Leveraged Trading
фото показано с : bitcoinist.com

2019-12-16 13:00

The Tokyo-based crypto exchange, Coincheck, announced that it is terminating its leveraged trading service, in a blog post this morning.

Settlement and Transfer Deadlines

The planned end date for leveraged crypto trading is 12:00 on Friday, March 13, 2020, by which deadline all open positions should be settled. Customers will then have until the end of March 2020, to transfer any Japanese Yen balance in Coincheck’s leverage account to their own trading accounts.

Positions not settled by the end date will be automatically closed, and any balance transferred to leverage account. Similarly, any leverage account balances not transferred by the end of March will be automatically transferred after this date.

New orders for leveraged crypto trades are suspended, effective immediately, although the transaction history of leveraged trades can still be accessed.

This schedule is subject to change without notice.

Leverage Reduction Only Implemented In October

Coincheck only resumed leveraged crypto trading on October 31st, having previously suspended the service temporarily at the end of August this year. As Bitcoinist reported, this was to implement a reduced leverage cap of 4x, down 20% from the previous cap of 5x.

At the time, Coincheck explained that the move was in order to comply with guidelines from the Japan Virtual Currency Exchange Association (JVCEA). This self-regulatory body has been focusing on limiting the leverage available on crypto trading in Japan since its formation in April 2018.

It seems that Coincheck has for now decided not to involve itself in providing leveraged crypto trading at all, perhaps due to a lack of customer interest.

In its statement, Coincheck assures users that it will continue to improve usability and work on new services which will be supported by customers.

Parent Company Monex Boosts Bitcoin Adoption

Coincheck’s parent company, Monex, has been rolling out initiatives aimed at increasing bitcoin uptake of late. In September it announced that shareholders with a Coincheck account would receive a 500 Yen ($5) reward in BTC.

Then in October, it launched a program allowing customers to pay their domestic gas bills in BTC, attracting a 3% discount if they did.

What do you think about Coincheck ending Leveraged crypto trading? Let us know your thoughts in the comments below. 

Image via Shutterstock

The post Japanese Crypto Exchange Coincheck To End Leveraged Trading appeared first on Bitcoinist.com.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Open Trading Network (OTN) на Currencies.ru

$ 0.0064948 (+0.67%)
Объем 24H $0
Изменеия 24h: 1.44 %, 7d: 12.76 %
Cегодня L: $0.0064948 - H: $0.0064948
Капитализация $13.149k Rank 2181
Цена в час новости $ 0.0221493 (-70.68%)

leveraged crypto trading exchange coincheck march 2020

Источник: bitcoinist.com

leveraged crypto → Результатов: 40


Coinbase invests in Offchain Labs’ layer 2 solution; claims to process 500+ transactions per second

The crypto ecosystem has successfully leveraged a partnership-driven approach to gain mainstream attention, with exchanges such as Coinbase and Binance primarily fueling the initiatives. Moreover, Coinbase seems to have taken the lead in this regard, as the decentralized applications company Offchain Labs announced investment from Coinbase Ventures, the investment arm of Coinbase.

2019-9-6 22:00


Analyst: Bitfinex Court Hearing Could Contribute to Massive Bitcoin Volatility

The crypto markets have been closely following the situation that has been unfolding around the popular and controversial Bitfinex cryptocurrency exchange, which also owns the controversial stable coin Tether, which is accused by the NYAG of allowing US-based users to flout the Bitcoin (BTC) and crypto leveraged trading restrictions.

2019-7-30 01:00


BitMEX May Be the First Target of the U.S.; Which Crypto Platform is Next?

The crypto industry was taken aback earlier today when news broke regarding popular leveraged crypto trading exchange, BitMEX, being investigated by regulatory authorities in the United States. Importantly, news regarding this investigation came about shortly after top officials within the US government criticized the nascent crypto markets, with the Treasury Secretary warning that they would.

2019-7-20 01:00


MARKET Protocol brings leveraged long (LBTC) & short (SBTC) bitcoin to DDEX

CryptoNinjas - Bitcoin, Cryptocurrency & Blockchain Asset SourceMARKET Protocol, an open-source platform powering decentralized derivatives trading and exchanges on the Ethereum blockchain, today announced a partnership with decentralized crypto exchange DDEX to bring leveraged long (LBTC) and short (SBTC) bitcoin assets to traders starting this Friday, July 19th.

2019-7-17 20:52


DX Exchange Introduces “Smart Leverage” Tokens

A new form of digital asset vehicle will allow retail investors to make leveraged trades in cryptocurrencies without breaking strict European laws on trading products. Estonia-based DX.Exchange has announced the launch of Smart Leverage Tokens – also dubbed ‘Turbo Tokens’ – that will allow clients to trade on margin without borrowing funds or having to […] The post DX Exchange Introduces “Smart Leverage” Tokens appeared first on Crypto Briefing.

2019-7-11 17:57


Binance Research: азиатские страны толкают вверх цену биткоина

Согласно наблюдениям аналитиков Binance Research, в азиатских странах биткоин торгуется на 3-5% выше, чем на других рынках. Are East Asian countries going all in on Crypto? — Leveraged $BTC on @Bitflyer has persisted since mid-May 2019 — BTC / $KRW has recently seen premiums of up to 5% on @BithumbOfficial, a 7 month high — […]

2019-6-15 12:32


Фото:

Bitfinex Faces Legal Action From NY Attorney General: Here’s What This Means

The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.

2019-4-27 01:30


Фото:

The Next Big Innovation in Crypto Trading: Delta Exchange’s Stablecoin-settled Futures

Speculation still remains the number one use case for cryptocurrencies. The launch of stablecoins, especially USDT, led to an explosion in spot crypto-to-crypto trading. Delta-Exchange believes that its USDC (a Circle backed stablecoin pegged to the US Dollar) settled futures will have similar impact on the leveraged or margin trading of cryptocurrencies such as bitcoin.

2019-2-12 10:53


Фото:

Europol: Terrorists Still Use Banks, Fail To Abuse Cryptocurrencies

A new assessment by Europol this week reveals a growing schism between the use of cryptocurrencies by terrorists and other criminals. No European Terrorist Attacks Leveraged Crypto Funds In its Internet Organized Crime Threat Assessment (IOCTA), the organization highlights that while the use of Bitcoin in particular by cybercriminals is growing, terrorists still prefer conventional money transfer methods — banks and wire transfers.

2018-9-21 00:00


Фото:

Home Equity Loans for Crypto Trading Banned by Australian Banks

The Australian Bank of Queensland has banned property buyers from using home equity to buy cryptocurrencies, the Financial Review reported July 12. The Bank of Queensland is reportedly the latest institution to bar credit lines from loans to be used for leveraged purchases or trading of cryptocurrencies. The Bank of Queensland is updating loan contracts,

2018-7-13 04:50


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

DMEX Opens Public API Access

PRESS RELEASE. DMEX, the leading decentralized derivatives exchange is officially announcing its public API launch for its users. DMEX, the decentralized BitMEX alternative, is opening its API for public use.

Coincheck Halts Crypto Margin Trading Due to Revised JVCEA Guidelines

Tokyo-based crypto exchange platform Coincheck has halted all new margin trading orders until the end of October 2019. Cryptocurrency Margin Trading Capped at 4X In a statement issued on its website at the end of August 2019, the Japanese crypto trading platform announced the suspension of new margin trading orders.