Jupiter Launches Unaudited YOLO Beta With Up to 1,000x Leverage
- —YOLO beta offers leverage of up to 1,000x
- —Trades are executed against the house, not an open market
- —Profit payouts can be delayed if funds run low
- —The product launched without an audit
Why it matters: Extreme leverage and the lack of an audit raise the risk of losses for traders and reputational risk for Jupiter.
Source: The Defiant