In brief
- Former president of FTX US, Brett Harrison, told Decrypt that offering leverage up to 1,001x on volatile crypto assets is “irresponsible” and a “major problem.”
- Proponents of the high-leverage crypto products believe they’re just giving retail users what they want and offering a level playing field.
- Harrison’s comments come as he is preparing to launch a perpetual futures exchange for traditional assets in the coming weeks, although leverage will be restricted.
Brett Harrison, the former president of FTX US, is set to roll out a new perpetual futures exchange in the coming weeks—but it won’t include markets on crypto.
In fact, the former FTX US executive told Decrypt he believes offering leveraged trading, where borrowed…
