According to an article on TechCrunch, Coinbase has added enabled margin trading for various cryptocurrencies, namely Bitcoin, Ethereum and LiteCoin. While this sounds like good news for professional trading firms, it makes me wonder how many day traders and casual investors will discover the wonders of margin trading a volatile instrument like cryptocurrencies.
Good way to blow up your portfolio, that.
But what do I know, I’m one of those boring buy-and-hold index ETF investors.