Advertisement
AD

Main navigation

China’s Biggest Exchange Huobi Restricts Leverage Radically, Stops New Users from Trading Derivatives

Advertisement
Wed, 16/06/2021 - 14:06
China’s Biggest Exchange Huobi Restricts Leverage Radically, Stops New Users from Trading Derivatives
Cover image via stock.adobe.com
Read U.TODAY on
Google News

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.

Advertisement

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.

8130_0
Image via Twitter

Related
Chinese $4 Billion Investment Firm Partner Holds Bitcoin, Explains Why Warren Buffett Does Not Buy BTC

As reported by U.Today, recently China has resumed its crackdown on Bitcoin miners and crypto exchanges. Major search engines, such as Baidu, have recently been blocking search results for Binance, Huobi and OKEx.

The social media giant Weibo has done the same to the accounts and search results related to these trading platforms.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Is Bitcoin Mining Legal? Regions in the World Where Mining Is Legally Permissible
Zircuit, New ZK-Rollup Focused on Security, Launches Staking Program
AI Analysis Launches The AIA Mastercard – The Future of Crypto-Fiat Transactions
VAP Group hosts the majestic Global Blockchain Show 2024 in Dubai
Digital Transformation Week Is Returning to Santa Clara This Summer
Arab Financial Services (AFS) Enter Strategic Alliance with Xpence to Innovate SME Financial Management in Bahrain
Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024
What To Expect from The Bitcoin Halving in April 2024
Testnet Launch for dWallet Network - Composable Modular Signature Network
ETH Denver Top Builders Base by Supermoon, Cointelegraph, NDC, Horizen, & Conflux
Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding
Chromia’s Flagship Game ‘My Neighbor Alice’ Unveils 2024 Roadmap
First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days
CoinList to Host the MASA Token Public Sale as it Unleashes the World’s Personal Data Network
Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event
Vitalik Buterin Comes to Taiwan as Keynote Speaker at ETHTaipei 2024
Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland
Bridging the Data Trust Gap: 2024 RegTech Confab Set to Unlock Africa’s Economic Potential
ApeX Protocol Partners with Alertatron to Enhance Automated Trading Capabilities
TeachMeCode Institute Announces Grand Opening of Cutting-Edge Dubai School
Our social media
There's a lot to see there, too

Popular articles