Crypto Exchanges running foul of ESMA rulings on Leverage trading claims LMAX CEO

According to the latest report, claims are being made regarding several crypto exchanges that they are offering services of leverage trading that are exceeding the levels set by the European Securities and Markets Authority (ESMA). Leverage trading is an immensely profitable yet highly risky strategy that enables traders to invest more than the collateral they have. A 2:1 leverage means that the traders can invest twice the actual value that they have. Likewise, 100:1 leverage means that traders can invest in 100x their holdings. LMAX Exchange Group’s CEO David Mercer stated that how the crypto exchanges offer Contracts for Difference