Coinbase disables margin trading following guidance from Commodity Futures Trading Commission

Just a few months after launching margin trading on Coinbase Pro, the company is disabling the feature. Margin trading lets you trade on leverage. But it works both ways — margin trading lets you multiply your gains and your losses.
Starting on November 25, 2pm PT, users won’t be able to place new margin trades. Existing margin positions will expire over the coming days and weeks. Once those positions expire, margin trading will be disabled for good.
The company is following guidance from the Commodity Futures Trading Commission. Interestingly, the CFTC was well aware of the company’s plans to launch margin trading.