Bithumb Halves Crypto Lending Leverage, Slashes Loan Limits by 80% Amidst South Korean Regulatory Push

South Korean cryptocurrency exchange Bithumb has significantly reduced its crypto lending service offerings, halving the maximum leverage ratio from 4x to 2x and slashing loan limits by 80%. This move comes in response to increased regulatory scrutiny and a broader push by South Korean authorities to manage risks associated with virtual asset lending.