Japanese cryptocurrency exchange Coincheck has staged a comeback in crypto derivatives more than six years after closing its previous margin product.

London’s trading industry is coming home!

The company’s new leveraged trading service, “Coincheck Leverage, is not a revival of Coincheck’s former lending-based margin model. It operates under the regulatory model of contracts for difference (CFDs).

How Coincheck Leverage Works

Coincheck began rolling out the service to eligible individual customers on September 24. The available pairs are BTC/JPY, ETH/JPY, and XRP/JPY, and users can take both long and short positions.

Retail clients must provide margin equal to 50% of their position, limiting leverage to twice the deposited amount. The…