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Crypto Exchanges / China’s Biggest Exchange Huobi Restricts Leverage Radically, Stops New Users fro
« on: June 16, 2021, 06:56:52 PM »
Chinese crypto and blockchain journalist Colin Wu just exclusively reported that the biggest crypto exchange Huobi has restricted the size of leverage it provides to its current users.
It has also stopped news users in China from trading crypto derivatives.
The size of leverage that traders enjoyed previously totalled 125x maximum. Now, Huobi allows only 5x leverage.
The reason for that, Wu writes, is the concern of the exchange management team about the current crypto regulatory policy in China.source
It has also stopped news users in China from trading crypto derivatives.
The size of leverage that traders enjoyed previously totalled 125x maximum. Now, Huobi allows only 5x leverage.
The reason for that, Wu writes, is the concern of the exchange management team about the current crypto regulatory policy in China.source