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Affected by the US CFTC policy, Coinbase will suspend all leveraged trading from November 25

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If Coinbase Wants To Continue Offering Leveraged Products, It Must Register With The CFTC As A Commodities Exchange

Rhythm BlockBeats news, according to the latest regulations of the US Commodity Futures Trading Commission (CFTC), the Coinbase trading platform announced on November 24 that it will ban customers from 2 pm on Wednesday (November 25) Place a new margin trade while canceling any open limit orders.

Coinbase cited the CFTC's "recent guidance" as the reason for the decision The Futures Trading Commission issued a document in March on "actual delivery" of digital assets, but Coinbase did not specify which guidance led to the move.

This guidance stems from a 2016 enforcement action against Bitfinex, which seeks to provide information on when customers can Regulations that legally control cryptocurrencies, including when customers acquire crypto assets through margin or leveraged products. According to the guidance, assets purchased through leveraged or margin contracts cannot be liquidated.

In fact, if Coinbase wants to continue offering leveraged products, it must register with the CFTC as a commodities exchange. And other trading platforms in the United States also provide margin services. Whether they will also refer to the latest CFTC guidelines and respond to them is unknown to us.