Binance Says It’s Cutting Leverage Limit to 20x, a Day After FTX Announces the Same
"We didn't want to make this a thingy," Binance CEO Changpeng Zhao posted Monday on Twitter, a week after making the change.
The lower burn value is a "natural response" to last month's market trends, a spokesperson said.
Huobi Technology's U.S. subsidiary hired the veteran with 20 years law enforcement experience to help it meet regulatory requirements.
The watchdog isn't banning the exchanges.
Traders in China appear to be more concerned about the future of Huobi and OKEx.
The company said it's an old entity that isn't in use anymore.