Name: Binance to Cut Leverage Limit to 20x, a Day After FTX Announces the Same
Uploaded: 2021-07-26T18:18:00.000Z
Duration: 4 min 38 s
Description: Binance, the world’s largest crypto exchange by trading volume, is reducing the maximum leverage users can use to trade futures contracts. CEO Changpeng Zhao tweeted Monday the new limit is 20 times leverage, down from 100 times, a day after derivatives exchange FTX announced a similar change. Is this part of a broader effort by Binance to help avoid the worst of a future regulatory storm?

CD20$1,989.040.62%BTC$73,420.011.19%ETH$2,004.070.89%XRP$1.310.20%SOL$81.870.54%

Binance to Cut Leverage Limit to 20x, a Day After FTX Announces the Same | CoinDesk Videos

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CD20$1,989.040.62%BTC$73,420.011.19%ETH$2,004.070.89%XRP$1.310.20%SOL$81.870.54%

Binance to Cut Leverage Limit to 20x, a Day After FTX Announces the Same | CoinDesk Videos