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Fortune
Fortune
Leo Schwartz

KuCoin CEO defends exchange amid high-yield product backlash

(Credit: Getty Images)

The current Crypto Winter is littered with the corpses of companies that rose to prominence by offering risky products, from margin trading on FTX to so-called "earn" rewards on Celsius. 

In the aftermath of FTX’s bankruptcy, crypto watchers on Twitter set their sights on to KuCoin, the world's fourth-largest exchange by trading volume. Critics spotted a potential time bomb in the form of KuCoin's complex options product called "dual investment," which let customers earn interest rates as high as 300% for depositing cryptocurrencies.

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