leveraged products
Coverage of leveraged products in the Nexus archive.
- UK investors sue Binance and founder Zhao Changpeng for US$200 million
UK investors are suing Binance and founder Zhao Changpeng for at least £150 million (US$200 million), alleging the sale of unauthorized risky derivative products like leveraged instruments without regulatory approval. Claimants say they suffered significant financial losses.
- UK investors sue Binance and founder Zhao Changpeng for US$200 million
Almost 1,700 British investors are suing Binance and founder Zhao Changpeng for at least £150 million (US$200 million), alleging the crypto trading platform sold them risky, complex derivative products without regulatory authorisation. The claimants allege Binance entities knowingly sold leveraged products, which can amplify gains or losses, and promoted them in breach of Financial Services regulations.
- South Korean investors leverage Hong Kong to cash in on the AI and chips boom
South Korean investors are using Hong Kong-based platforms to access leveraged products in the AI and semiconductor sectors, driven by FOMO and advantages like currency benefits, easier access, and regulatory arbitrage. Analysts note the shift from South Korea's economy to Hong Kong's financial institutions.
- A massive 16% market swing just rocked South Korea over 24 hours. The retail ‘ants’ holding the wheel are driving dangerously.
South Korea's stock market experienced a 16% swing over 24 hours due to increased use of leveraged products by retail investors, referred to as 'ants,' which is heightening volatility on the exchange.