South Korean critics have equated the crypto exchange Binance’s move to offer leveraged derivatives with up to 50x leverage on blue-chip KOSPI stocks such as Samsung Electronics, Hyundai Motor, and SK Hynix with gambling.
Binance has also begun offering USDT-powered products that pay traders 150% profits if the KOSPI index rises by a single percentage.
The critics argue that such leveraged products on traditional stocks like KOSPI blur the lines between investing and gambling, raising concerns about investor protection and market stability.
