The crypto exchange Bithumb has made “significant reductions” to the scale of its crypto lending services amid ongoing concerns from financial regulators.

Per the South Korean newspaper , the trading platform has reduced its leverage ratio from x4 to x2.

It has also slashed its maximum lending cap by 80% from 1 billion won ($718,298) to just 200 million won ($1,436).

The move represents a major climbdown for Bithumb, which only launched the services in July.

S. Korean retail investors shift from U.S. big tech to crypto-related stocks: report — Yonhap News Agency (@YonhapNews) Bithumb Crypto Lending Rethink

Bithumb was also forced to temporarily suspend crypto lending on July 29, claiming this was due to “insufficient lending…