Can I use eTrade's fully paid lending program to margin trade cryptocurrencies?

3 answers

• Omprakash SeerviDec 23, 2021 · 4 years ago
  Unfortunately, eTrade's fully paid lending program is not designed for margin trading cryptocurrencies. The program allows you to borrow against the value of your fully paid securities to purchase additional securities, but it does not support margin trading of cryptocurrencies. If you're looking to margin trade cryptocurrencies, you may need to consider other platforms that specifically offer this feature.
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• Grant ErikssonNov 13, 2020 · 5 years ago
  No, eTrade's fully paid lending program is not suitable for margin trading cryptocurrencies. The program is primarily focused on traditional securities and does not extend its services to cryptocurrencies. If you're interested in margin trading cryptocurrencies, it's recommended to explore dedicated cryptocurrency exchanges that offer margin trading options.
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• jhk yzjMar 23, 2023 · 2 years ago
  While eTrade's fully paid lending program does not directly support margin trading cryptocurrencies, there are other platforms like BYDFi that provide margin trading services for cryptocurrencies. BYDFi offers a range of trading options, including margin trading, which allows you to amplify your trading positions by borrowing funds. However, it's important to carefully consider the risks involved in margin trading before getting started.
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