Financial Daily Dose 7.26.2021 | Top Story: Top Crypto Exchanges Limit Leverage to Curb Risk | Robins Kaplan LLP
To embed, copy and paste the code into your website or blog: A pair of the most prominent cryptocurrency exchanges announced this weekend that they’re taking steps to “curb a type of high-risk trading that has been blamed for sharp fluctuations in the value of Bitcoin and the casino-like atmosphere on such platforms globally.” FTX and Binance are lowering the amount of leverage they offer to 20 times from existing limits of 100+, a move aimed at protecting investors from the kind of huge crashes that hit crypto markets in May - NYTimes and FinancialNews Meanwhile, Bitcoin’s up to star...