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Crypto Leverage: a Controversial Chinese Export

April 17, 2026 · 20 min

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In the high-stakes world of cryptocurrency, traders are writing big checks with borrowed funds — a risky investment trend known as leveraging. To understand whether this will help or hurt the industry, The Wire looks back at the trend's emergence in China.

In this episode, we are joined by a new guest: journalist Grady McGregor, who discusses his upcoming piece on crypto leverage and its Chinese origins with features editor Tom Mitchell. His cover article will be published this weekend on our website, thewirechina.com.

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