In late 2019, we launched the Blockchain.com Exchange with the goal of creating a trading platform that was powerful enough for institutional investors yet intuitive enough for retail traders.
Over the last year, we’ve made massive strides towards this goal–from introducing Margin Trading and a mobile app to announcing new trading pairs and geographic regions where you can now use our products.
Let’s take a look at all the new products and features that are now available to you.
Margin Trading
We introduced Margin Trading with up to 5X leverage for our BTC-USD and ETH-USD trading pairs.
Margin Trading allows you to increase your profit potential through leverage, giving you increased buying and selling power on each trade.
For example, if you want to purchase $1,000 worth of Bitcoin on the BTC-USD trading pair with 5X leverage, you only need $200 in either BTC or USD as collateral in your account to have a full position worth $1,000.
Margin Trading is currently available to Gold Verified users in over 150 countries. We have plans to expand our global and trading pair coverage, so be sure to watch this space.
Blockchain.com Exchange Mobile App
We rolled out early access to the Blockchain.com Exchange iOS app.
Our goal with the app is to give you everything you need to easily and securely trade crypto on the go.
While a few of the web features are not yet available in the app, we’d love for you to download it, take it for a spin, and tell us what you think. We’re actively building the app so your early feedback is invaluable.
New Trading Pairs
We continued to accelerate the number of assets you can deposit, trade, and withdraw on the Blockchain.com Exchange.
Just in the last year, we’ve added 30 new trading pairs including DeSo (DESO), USD Coin (USDC), Uniswap (UNI), Compound (COMP), Dai (DAI), Chainlink (LINK), Stacks (STX), Efinity Token (EFI), SushiSwap (SUSHI), Wrapped Bitcoin (WBTC), Polygon (MATIC), Maker (MKR), and Celo Euro (cEUR).
In total, the Blockchain.com Exchange now supports 80 trading pairs with many more to come.
Instantly Deposit USD, GBP, and EUR
We added support for ACH and Open Banking so you can deposit USD, GBP, and EUR into your account and have the funds instantly available for trading.
As many banks don’t charge a fee for these types of transfers, they provide both a quick and cost-effective onramp into crypto.
New US States
We continued to expand the number of US states where you can use the Blockchain.com Exchange.
Residents of Florida, Oklahoma, North Dakota, South Dakota, Maryland, Michigan, and Georgia are now among the 30 states that have access to the Blockchain.com Exchange.
We’ll continue to actively work through individual license approvals to bring the benefits and opportunities of crypto trading to all US residents.
Our Commitment
While we’re excited to have delivered all these new products and features over the last year, our work is far from done. We have a roadmap full of enhancements coming your way and couldn’t be more committed to delivering you the most powerful and intuitive trading platform in crypto.
Log in to the Blockchain.com Exchange to start leveraging these updates today.
IMPORTANT NOTE:
When considering trading on margin, you should determine how the use of margin fits your own investment philosophy. It is important that you fully understand the risks, rules, and requirements involved in trading digital assets on margin. Margin trading increases your level of market risk. You may lose some or all of the collateral you post in connection with a margin trade. Blockchain.com may initiate the sale of digital assets in your account, without contacting you, to meet a margin call. You are not entitled to an extension of time on a margin call. Further details will be set out in the Margin user agreement.
Digital currencies are not bank deposits, are not legal tender, and are not backed by the government. Blockchain Access UK Ltd’s products and services are not within the jurisdiction of the UK Financial Ombudsman Scheme, nor are they subject to the UK Financial Services Compensation Scheme, the US Federal Deposit Insurance Corporation or Securities Investor Protection Corporation, or any other non-UK or non-US governmental or government-backed protections.
Legislative and regulatory changes or actions in any jurisdiction in which Blockchain.com’s customers are located may adversely affect the use, transfer, exchange, and value of digital currencies.
NEW: Updates to the Blockchain.com Exchange was originally published in @blockchain on Medium, where people are continuing the conversation by highlighting and responding to this story.
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