New York City-based Bitcoin exchange Coinsetter Inc. just announced margin trading capability for all its users. This functionality was previously available to only select business users and allowed those users to trade or short on the deliverable bitcoin market with up to 5.0x leverage. This service is now open to all users.

“Coinsetter has made bitcoin trading capital efficient with the expansion of our margin trading capabilities,” says Coinsetter CEO Jaron Lukasiewicz, “which were previously only available to business customers. Traders globally can now maximize their ability to capture bitcoin trading opportunities.”

Further, Lukasiewicz added that the success of the business program and overwhelming demand led to the public release of the margin trading service.

To drive further interest in this product, Coinsetter is now also offering up to $25,000 in interest-free margin at 5:1 leverage.

The original functionality for margin trading and post-trade settlements was opened to business customers by Coinsetter earlier this year in January after a few months testing.

Coinsetter: Reaching out to the Wall Street bigwigs

As an exchange, Coinsetter’s beta launched in 2013 into a market that was already saturated with other marketplaces and has attempted to grow with large volume traders and a Wall Street aesthetic. The public release of margin trading and shorting brings it one step closer to that goal of providing bitcoin stock-like services.

Last year, Coinsetter added further functionality to its high-performance exchange including an API set for developers as well as other continual improvements.

Image credit: Jaron Lukasiewicz of Coinsetter at CoinSummit, via Money & Tech