Coincheck Revives Crypto Derivatives with CFDs
Japanese cryptocurrency exchange Coincheck has relaunched its derivatives offering, six years after discontinuing its margin product. The new service, 'Coincheck Leverage,' operates under a regulated model for contracts for difference (CFDs) rather than the previous lending-based margin structure.
The available pairs are BTC/JPY, ETH/JPY, and XRP/JPY, with users able to take both long and short positions. Retail clients must provide margin equal to 50% of their position, limiting leverage to twice the deposited amount. The service supports market, limit, and stop orders, and trades around the clock outside maintenance periods.
Coincheck Leverage settles gains and losses in cash without transferring or lending the underlying cryptocurrency. The exchange has integrated the CFDs into its existing application, allowing customers to switch between spot and leveraged trading without downloading a separate app. Corporate accounts are scheduled to receive access from 2027.