The exchange is citing Commodity Futures Trading Commission (CFTC) reguilations.

New margin trades will no longer be accepted as of 2200 GMT 25 November 2020

  • any open limit orders on margin will also be cancelled

Coinbase will end all margin trading completely once existing positions expire from next month.

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BTC has recently popped 19K:

The exchange is citing Commodity Futures Trading Commission (CFTC) reguilations.