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US crypto exchange FTX reduces leverage offered to investors to 20 times derivatives bets

( July 26, 2021, 15:13 GMT | Official Statement) -- MLex Summary:  S cryptocurrency exchange FTX lowered the maximum amount of credit it would extend to 20 times — down from 101 times — the size of investors’ derivatives bets. These bets on the price direction of underlying assets, if badly wrong, can trigger margin calls more immediately the higher the leverage, potentially resulting in liquidation of investor accounts. The higher amount of leverage has been blamed for risky trading and roller-coaster fluctuations in Bitcoin value.  See document below....

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