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21 September 2021

FTX reduces max leverage from 101x to 20x to encourage ‘responsible trading’

FTX reduces max leverage from 101x to 20x to encourage ‘responsible trading’


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Crypto derivatives exchange FTX has decided to curb risky trading by limiting the leverage available to its users.

The exchange, founded by crypto billionaire Sam Bankman-Fried (SBF), has reducedthe maximum leverage available on the platform down to 20x, a significant reduction from its previous limit of 101x.

The reaction from the crypto community was largely positive, with many commenters highlighting the risks associated with high leverage.

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