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www-nytimes-com-1026		FTX and Binance, Cryptocurrency Leaders, Move to Curb High Risk Trades - The New York Times			.html	text/html	1234	72	69	FTX and Binance, Cryptocurrency Leaders, Move to Curb High Risk Trades The New York Times Two of the world's most popular cryptocurrency exchanges announced on Sunday that they would curb a type of high-risk trading that has been blamed in part for sharp fluctuations in the value of Bitcoin and the casino-like atmosphere on such platforms globally. About 14 hours later, Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, echoed the move by FTX, announcing that his company had already started to limit leverage to 20 times for new users and it would soon expand this limit to other existing clients. The announcements came after The New York Times, in an article published online Friday, detailed the risky trades offered on FTX and other global exchanges like Binance and BitMEX that accelerated a global crash in May. That month, more than $20 billion worth of those bets were liquidated on cryptocurrency exchanges worldwide.	./cache/www-nytimes-com-1026.html	./txt/www-nytimes-com-1026.txt