JVCEA Caps Coincheck Trading Margin

JVCEA Caps Coincheck Trading Margin

The Japan Virtual Currency Exchange Association (JVCEA, a self-regulatory body) has updated its guidelines which will result to cap crypto trading margin of Coincheck (a Tokyo based crypto exchange), & all pending margin trades will be capped at 4X. The company stated to its customers: “Loss cuts will occur if the margin maintenance rate falls below 50% after changing the magnification. Check the margin maintenance rate and add a margin or reduce the position as necessary.”

Leave a Reply

Your email address will not be published. Required fields are marked *