A competitor that shut up shop just a few weeks ago is in trouble again:
Someone in the UK is suing it for offering derivatives without a license, seeking £20 million in damages. A lawyer says there could be thousands of retail traders in the same boat.
In my view, unlicensed leveraged trading is best avoided. No matter how attractive the funding rates or open interest look, I won’t trade on an unlicensed platform.
Would you still touch gray-market derivatives? Share your thoughts in the comments.
Someone in the UK is suing it for offering derivatives without a license, seeking £20 million in damages. A lawyer says there could be thousands of retail traders in the same boat.
In my view, unlicensed leveraged trading is best avoided. No matter how attractive the funding rates or open interest look, I won’t trade on an unlicensed platform.
Would you still touch gray-market derivatives? Share your thoughts in the comments.