US Crypto Traders are Bypassing Foreign Exchange Ban to Trade Derivatives: Research

US regulators have banned foreign crypto exchanges to offer their service to US customers without getting regulatory clearance. However, the ban on foreign exchanges has done little to nothing in terms of US traders accessing these foreign crypto exchanges. A recent research report from Inca Digital has shown thousands of US crypto traders bypass the ban to trade crypto derivatives with high leverage on foreign exchanges such as Binance and FTX.