Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
Binance, the world’s largest cryptocurrency exchange by trading volume, has announced that it is reducing leverage for Cardano (ADA) and Polygon (MATIC) perpetual contracts. The move comes amid growing concerns about the risks associated with high-leverage trading in the cryptocurrency market. While both tokens remain popular among traders, executives from Cardano and Polygon have denied claims from the US Securities and Exchange Commission (SEC) that their tokens are securities. The SEC enforces securities laws in the crypto industry, and more regulation is expected.
