Crypto Leverage Trading a 'Major Problem', Says Former FTX US President
Update: 2025-11-01
Description
Brett Harrison, former FTX US leader, unveils Architect, a new trading platform focusing on perpetual futures contracts for traditional assets. Harrison criticizes the risks of crypto asset markets, citing a $19 billion flash crash, and argues that excessive leverage on crypto derivatives is irresponsible and akin to gambling. Architect will cap leverage at 25x for stable markets and lower for volatile stocks, require stable collateral, and initially cater to institutional clients before inviting retail investors. Harrison aims to set a safer example for leveraged trading in crypto markets.
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