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.
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.