Gone are the 100x BitMEX days: FTX, Binance to restrict leverage to ’20x’ | CryptoSlate

In a recent effort towards protecting their users from incurring more losses, two leading crypto exchanges, FTX and Binance have announced that their users will no longer have access to leverage their trades by up to 100 times again.

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Binance Reduces Margin Trading to 20x, One Day After FTX Announcement – BeInCrypto

Binance CEO Changpeng ‘CZ’ Zhao has announced that Binance will also be reducing margin trading levels to 20x as the maximum possible leverage. 
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The Binance CEO made the announcement on Twitter on Monday.

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Trading firm of richest crypto billionaire reveals buying ‘a lot more’ Bitcoin below $30K

Bitcoin’s (BTC) painful plunge below $30,000 on Tuesday turned into a so-called “buy the dip” opportunity for Alameda Research, a Hong Kong-based quantitative trading firm and liquidity solutions firm headed by FTX CEO and founder Sam Bankman-Fried.

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FTX Announces Record-Breaking $900M Series B Funding Round – BeInCrypto

FTX Trading Ltd., the owner, and operator of the FTX cryptocurrency exchange, announced they have closed a $900 million Series B funding round. 
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FTX took a massive step toward expanding its global presence after announcing a highly successful Series B funding round.

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FTX Crypto Exchange Interested in Purchasing Goldman Sachs – BeInCrypto

In a recent interview, the CEO of FTX stated he would be interested in buying established financial institutions if the opportunity arose. 
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Sam Bankman-Fried is nothing if not aspirational.

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