the Antigua-based company is removing high leverage starting Sunday by capping margin trading at 20 times invested capital, significantly lower than the exchange's previous limit of 101x.
Bankman-Fried, the 29-year-old billionaire who founded FTX in 2017, also said the restrictions would only impact a"tiny fraction" or"way less than 1%" of the company's trading volume, which over the past 24 hours totaled more than $876 billion .
Stop “media terrorism” against Ethiopia. It only escalates conflicts, brings more death and displacements EthiopiaPrevails ChildrenNotSoldiers UnityforEthiopia SenateForeign RepKarenBass SenateDems SenateGOP DisarmTPLF Reuters AFP CNN BBCNews AJEnglish eth
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