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Bithumb Tightens Crypto Lending Rules Significantly Under Regulatory Pressure: Halves Leverage, Reduces Loan Limit by 80%
Summary: According to Cointelegraph, South Korean exchange Bithumb announced tightened rules for its cryptocurrency lending service after one month of operation, in response to regulatory scrutiny of high-risk crypto lending products. The exchange had previously suspended crypto lending services on July 29 for a comprehensive review. Before resuming operations under the new restrictions, Bithumb reviewed its ...
According to Cointelegraph, South Korean exchange Bithumb announced tightened rules for its cryptocurrency lending service after one month of operation, in response to regulatory scrutiny of high-risk crypto lending products. The exchange had previously suspended crypto lending services on July 29 for a comprehensive review. Before resuming operations under the new restrictions, Bithumb reviewed its terms with regulatory authorities, reducing leverage from 4x to 2x and slashing the maximum loan limit from $726,000 to $145,000, an 80% decrease.
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Link: Bithumb Tightens Crypto Lending Rules Significantly Under Regulatory Pressure: Halves Leverage, Reduces Loan Limit by 80% [Copy]
