South Korean exchange Bithumb has tightened the rules for its cryptocurrency lending service that went live for a month, halving leverage and slashing loan limits to address investors' risk concerns. The exchange said on Monday that it has resumed its cryptocurrency lending service after it was suspended on July 29 due to "insufficient lending volume," according to South Korean newspaper Kookmin Ilbo.
"Following a comprehensive review of the entire service, we have made a number of adjustments to protect investors and improve the quality of the service," Bithumb reportedly said. The company reduced the maximum leverage ratio from 4x to 2x and reduced the maximum borrowing limit from 1 billion won ($726,000) to 200 million won ($145,000), a reduction of 80%. The new borrowing limit even applies to investors with cumulative trading volume over 100 billion won ($72 million) over the past three years.
Bithumb halves cryptocurrency lending leverage and slashes lending limits by 80%.
2025-08-12 08:14:36
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