The Japan Digital and Crypto Assets Exchange Association (JVCEA) has taken action to offer individual users a chance to trade with 4 to 10 times leverage.
A recent report by Bloomberg featured the Japan Digital and Crypto Assets Exchange Association’s new targets for leveraged trading. For the growth of the cryptocurrency industry across Japan Expanding the leverage cap union advocating 4 to Up to 10x leverage ready to make a request.
JVCEA Vice President Genki Room He told Bloomberg that the extension of the leverage rule to the benefit of the industry He noted the following about:
The realignment of the leverage rule could make Japan more attractive to crypto and blockchain companies. This step will encourage more users to trade.
Genki Oda is on a recommended leverage limit of the country’s digital asset exchanges. negotiating to reach an agreement and your suggestions next month Indicate what they can submit to the Financial Services Agency (FSA).
Before 2022, capitalization in Japan-based cryptocurrency exchanges Leverage up to 25x use was allowed. While this situation was met with interest by investors, the trading volumes of Japan-based stock exchanges will increase in 2020 and 2021. up to 500 billion dollars per year had reached.
by Japan’s regulatory agency 2022 In line with the step taken, users who trade on crypto currency exchanges up to 2 times their capital leverage usage limit was introduced. This situation trading volumes at that time had caused the loss.
JVCEA, in the statements made in the past period, stated that this restriction keep new investors away from the sector and especially emphasized that it hinders the growth of its market share.