Coinbase Suspends Margin Trading

Plus China crypto dominance a growing US security concern

Happy Wednesday Blockfolians

The Lede

Coinbase is suspending margin trading starting today, with the feature being removed entirely by next month.

The decision comes based on March guidance from the CFTC, citing the questions around “actual delivery.” In related but different news, Binance is also cracking down on US users.

For crypto traders, the net impact is one thing: fewer options.

Meanwhile, the Market Refresh is going on Thanksgiving break for the next couple days. Apologies in advance for not having a big, aggressive, excited headline when bitcoin inevitably crashes through a new ATH.

Have a great Turkey Day!

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Highly Relevant Reading


Community Commentary

Do you agree with this take on BTC’s future?
500 comments for 100 likes. Now THAT’s a ratio.

A Really Small Number We Should Be Paying Attention To

2.8%

That’s how far off the Bitcoin ATH we are. Yes, we are slightly focused on this right now.


Final Thought

The shawarma restaurant coming with the receipts.