Binance's 50x Korea stock trades expose regulatory blind spot

Binance, the world's largest cryptocurrency exchange, is offering derivatives with leverage of up to 50 times on Samsung Electronics and SK hynix, raising concerns over investor protection and potential spillover risks for Korea's stock market. The products come as investors are already debating the risks posed by newly launched 2x leveraged exchange-traded funds tied to the two chipmakers on the Kospi. According to industry sources on Monday, Binance launched SAMSUNGUSDT, SKHYNIXUSDT and HYUNDA

By The Korea Herald