South Korea’s popular crypto exchange Bithumb has tightened rules on its newly launched crypto lending service, while cutting loan limits by a massive 80%.

The crypto exchange dropped the leverage ratio by 50%, in order to address investor risk concerns.

After suspending operations last month on July 29, due to “insufficient lending volume,” Bithumb has kickstarted its crypto lending services once again, reported local news publication Kookmin Ilbo.

According to the report, the lowered borrowing cap will apply even to high-volume traders with more than 100 billion won ($72 million) in cumulative trading activity over the past three years.

South Korean Regulator Cracks Down on Crypto Lending

Last month on July 31, South Korea’s Financial Services Commission (FSC) and Financial Superv

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