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Huobi Increases Bitcoin And Ethereum Futures Contracts Leverage Up to 200X After Clearing out China Users

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Huobi announces increases the leverage up to 200X for BTC and ETH contracts after clearing out users in Mainland China.

Huobi writes:

“Going forward, 125x, 150x, and even 200x leverage is available for BTC and ETH contracts on Huobi Futures. Users can adjust the leverages based on their actual needs.”

In September last year,  Huobi stalled operations in China as Beijing stepped up its crackdown on cryptocurrencies. The exchange suspended new registrations for Chinese users. Huobi announced planned to close existing China accounts by the end of 2021.

The action came in the wake of a directive from the People’s Bank of China and nine other institutions, including the Supreme Court, the Ministry of Public Security, police, and internet and securities regulators, which have ruled all cryptocurrency-related transactions as illegal financial activities in September.

Today after getting rid of all china accounts, Huboi raised its leverage to 200x for Bitcoin and Ethereum contracts on Huobi Futures.

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The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.


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