Coinbase posted on Platform X that spot margin trading is only open to eligible clients in certain jurisdictions; in the United States, it is only open to eligible contract participants. The Lender, the Custodian and the Spot Executing Entity depend on the Customer's jurisdiction, subject to the applicable terms. Borrowings amplify gains and losses, collateral may be liquidated without notice and customers may lose more than the initial deposit; spot margin transactions are provided by Coinbase affiliates and are not CFM products.
Coinbase: Spot margin trading is only available to eligible clients in select jurisdictions
Related news
Coinbase earned a net profit of $700 million in Q3, with nearly 90% of the profit coming from rising coin prices.
When Bitcoin's price is stuck in a range, the market will take a more sober view of Coinbase's profitability and risk resilience as a company.