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

Wed, 16/06/2021 - 14:06
China’s Biggest Exchange Huobi Restricts Leverage Radically, Stops New Users from Trading Derivatives
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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.


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.

Image via Twitter

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.


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