Coincheck Unveils Leveraged Trading Service for BTC, ETH, and XRP

Coincheck, a Japanese cryptocurrency exchange, has launched its leveraged trading service, Coincheck Leverage. The service allows users to trade up to twice their investment amount in Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) against the Japanese yen.

The service is available on the iOS app, with Android and web versions expected to launch by the end of the year. Users can switch between spot trading and leveraged trading within the Coincheck app. The maximum leverage ratio is 2:1, in line with Japan's regulations for personal cryptocurrency futures trading.

The service will be provided by Coincheck on a 24/7 basis, excluding maintenance periods. Orders can be placed using market orders, limit orders, and stop-limit orders, among others. The exchange has stated that users must have an existing spot account and complete the necessary onboarding requirements to access the leveraged trading service.