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…
Nov 01 2025
