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Can I use nano as collateral for trading on Coinbase's derivatives exchange?

avatarEnvIr0nDec 27, 2021 · 3 years ago3 answers

Is it possible to use nano as collateral for trading on Coinbase's derivatives exchange? I'm interested in using nano as collateral because of its low fees and fast transaction times. Can I leverage my nano holdings to trade on Coinbase's derivatives platform?

Can I use nano as collateral for trading on Coinbase's derivatives exchange?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    No, currently Coinbase's derivatives exchange does not support nano as collateral. You can only use certain cryptocurrencies as collateral on their platform. Nano is not one of them. However, you can still trade nano on Coinbase's spot exchange.
  • avatarDec 27, 2021 · 3 years ago
    Unfortunately, nano is not accepted as collateral on Coinbase's derivatives exchange. They have a limited selection of cryptocurrencies that can be used as collateral, and nano is not included. You may want to consider other cryptocurrencies that are supported on their platform.
  • avatarDec 27, 2021 · 3 years ago
    As of now, nano cannot be used as collateral for trading on Coinbase's derivatives exchange. However, there are other platforms like BYDFi that allow you to use nano as collateral for trading. It's always a good idea to explore different options and find the platform that best suits your needs.