Japanese cryptocurrency exchange Coincheck will limit margin trading opportunities to match local practices.
According to the official blog announcement, the exchange will reduce the maximum leverage size available to traders from 5x to 4x. The decision was made in accordance with the provisions of the Japan Cryptocurrency Exchange Association.
The new rules will come into effect on October 31.
Coincheck encourages traders to take the necessary measures for active positions before this deadline.
Back in 2018, Coincheck reported that about 500 million NEM coins worth $400 million were lost after the coins were sent “illicitly” outside the venue.
In the meantime, it is possible that the exchange could have been attacked by a group of unknown Russian hackers.
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