Binance’s Leveraged KOSPI Derivatives Are a Form of Gambling, Say Korean Critics

South Korean critics have equated the crypto exchange Binance’s move to offer leveraged derivatives with up to 50x leverage on blue-chip KOSPI stocks such as Samsung Electronics, Hyundai Motor, and SK Hynix with gambling. Binance has also begun offering USDT-powered products that pay traders 150% profits if the KOSPI …