Coincheck Launches Leveraged Crypto Trading Service
Coincheck, a Japanese cryptocurrency exchange, has launched a leveraged crypto asset trading service called Coincheck Leverage. This new feature allows users to trade with leverage within the same app they use for spot trading, without needing to download a separate app.
The leveraged trading service is designed to cater to both long-term holders and traders looking to earn yield on their holdings or trade over shorter horizons. According to Shuhei Sawamura, Expert Director / Head of Product and Deputy Head of the Development & AI Division at Coincheck, 'For many years, we have offered spot trading of crypto assets through our brokerage and exchange services.'
He added that with the growing number of customers holding crypto assets, they decided to launch a leveraged trading service to provide more investment options. Coincheck Leverage is available within the same app as their existing services.