Japanese cryptocurrency exchange Coincheck to restrict margin trading to fit local practices.
The crypto currency exchange will reduce the available to traders the ultimate leverage from 5x to 4x, it follows from the company blog. The decision was made in accordance with the provisions of the Association of bitcoin exchanges in Japan.
The new rules will take will take effect from 31 October. Coincheck encourages traders to take the necessary measures for active positions up to date.
In January 2018 Coincheck has been hijacked. The license of a local Agency financial services was restored a year later.
Earlier this week, Japan’s financial regulator said on the possible extension of existing policies monitoring the activities of bitcoin exchanges.
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