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Coincheck Exchange to Wind Up Leverage Transaction In Near Future

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Japan’s crypto exchange, Coincheck has decided to pull the plug off its controversial margin trading. The exchange posted a blog post on Dec 16, 2019, explaining that the service will be terminated in March 2020. Even though the transaction will cease from March 13, 2020; balance transfers can be completed till the end of the month. Until that deadline, users can transfer Yen balances to their own trading accounts on Coincheck. 

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The exact reason for this abrupt decision is still not clear. The customers are skeptical of this decision as the exchange had opened the margin trading after its initial ban. 

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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