Bithumb has significantly adjusted its crypto lending terms, reducing the maximum loan limits by 80% and halving the leverage ratio from 4x to 2x to mitigate investor risks.
The new lending limit is set at 200 million won (145,000 USD), down from 1 billion won (726,000 USD), which applies to all investors, including those with high trading volumes.
In response to these changes, a task force in South Korea is developing guidelines for virtual asset lending, involving key stakeholders to promote better practices and protect investors.
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