FTX CEO Sam Bankman-Fried told his Twitter followers on Sunday that his crypto exchange has lowered its margin trading limit from 101x to 20x. Prior to the change, FTX supported 50x, 100x, and 101x leverage but Bankman-Fried said these high leverage positions represent “a tiny fraction of volume.”
FTX CEO Announces Cutting Leverage Limits, 2x Leverage the Most Common
FTX customers will have to adjust to changes as the crypto-asset exchange has dropped its max leverage rate from 101x to 20x this weekend. Of course, the formerly supported 50x, 100x, and 101x positions are considered high leverage. Bankman-Fried told his 233,000 Twitter followers the news on Sunday when he stressed that “an effective margin system is integral to an efficient economic system” and added that “there are limits to everything, though.” Bankman-Fried added:
There’s been a bunch of discussion recently around high leverage (> 20x). Nearly every crypto derivatives exchange allows it, and nearly e

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Źródło: https://news.bitcoin.com/ftx-slashes-leverage-limit-from-100x-to-20x-community-suspects-competitors-will-follow-example/