Bithumb Cuts Crypto Lending Leverage Amid Investor Safety Concerns

Seoul’s top crypto platform, Bithumb, has sharply scaled back its coin-lending service only a month after introducing it. On July 4, Bithumb launched its much-anticipated lending program, offering loans with 4x leverage on ten major cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Tether. Borrowers could use either crypto or Korean won as collateral. But the rollout … source: https://coinpedia.org/news/bithumb-cuts-crypto-lending-leverage-amid-investor-safety-concerns/