Financial Services Commission Warns on Perpetual Futures Risks
4 Articles
4 Articles
On the 16th, the Financial Services Commission urged caution regarding "perpetual futures" products with leverage of tens or hundreds of times based on Korean stocks, which are currently traded on offshore platforms such as overseas virtual asset exchanges. The Commission warned that these are ultra-high-risk products lacking investor protection. Recently, at several global virtual asset exchanges, Samsung Electronics and S
Financial authorities have urged special caution regarding "perpetual futures" products traded on overseas virtual asset platforms. Given the difficulty in securing investor protection under domestic law, the authorities plan to take countermeasures, such as filing complaints with investigative agencies, if illegal business practices are detected. On the 16th, the Financial Services Commission [regarding] recent perpetual futures products based …
Financial authorities have issued an investor warning regarding "perpetual futures," a high-risk derivative product traded on overseas virtual asset exchanges. This is because investors could lose their entire investment capital even with a slight movement in the underlying asset price due to leverage reaching up to 200 times, and it is also difficult to receive investor protection under domestic laws. Bitcoin price displayed on an electronic bo…
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