CoinZoom to Offer Margin Trading to No-US Customers

CoinZoom, a cryptocurrency exchange and fintech firm based in the United States, has just announced that it will begin providing margin trading to its international customers. CoinZoom Global, Ltd., a Bermuda-based affiliate, will begin selling the product in the upcoming fall. Except in Italy, France, Canada, the United States, Japan, Germany, Austria, the United Kingdom, and the Netherlands, all clients will have access to the product.

To participate in Margin Trading when it becomes available on the stock exchange in the future months, interested parties must sign up for a waiting list. Those interested in getting on CoinZoom’s waiting list can do so through the company’s website.

Margin trading benefits, risks and the CoinZoom approach

Bitcoin, Bitcoin Cash, Ethereum, and Litecoin will all be available for up to a 5X leverage offer from CoinZoom at launch. This means that a user can make up to five times as much on a margined position as they would on the primary growth of the cryptocurrency they are holding a stake in before fees. Additionally, traders can boost their gains from a market decline by taking short positions. Furthermore, they will only pay rollover interest on their borrowed funds while their trading position is open.

The ability to trade on margin gives investors the muscle to take on the market at a level of risk that suits their individual risk profiles. As a result, they stand a chance of profiting from the widespread price volatility of cryptocurrencies. The product gives traders more control over their investments by separating their margin funds and giving them access to cutting-edge tools for monitoring and adjusting their holdings.

One feature of the product is a digital “speed dial” that shows traders their current margin status. They will get a text when the level gets dangerously low. Knowing the risks involved with a powerful product like margin trading is also essential. To that end, CoinZoom will provide resources for learning and assistance for its users. Any potential clients can then decide whether or not this is the best course of action for them. The information provided here will be geared toward helping traders improve their familiarity with relevant terminology, procedures, and potential risks.