"We didn't want to make this a thingy," Binance CEO Changpeng Zhao posted Monday on Twitter, a week after making the change.
"It's time, we think, to move on from it," CEO Sam Bankman-Fried said in a tweet.
Some analysts expect limited upside in bitcoin despite the possibility of a brief bounce.
BTC had climbed from $35,709 to as high as $42,441. Then the slide started.
Bitcoin's funding rate turned negative over the weekend, which typically precedes price recoveries.
The difference between bitcoin futures premium on CME and other crypto exchanges has widened since the end of March, when Bill Hwang’s troubles surfaced.
Leverage has been a killer use case for DeFi from the start. But rarely has making such big wagers required so little work.
Coinbase is rolling out margin trading retail and institutional investors in the U.S. and nine other countries, offering a light 3x leverage to traders.
Bitfinex has launched margin trading for Tether Gold with select pairs of up to five times leverage.
Binance’s futures exchange is raising leverage to 125x with the launch of BTC/USDT contracts today.
Leveraged and margin trading can help boost demand for an asset, increasing liquidity within a given market.