Over recent years, margin trading has become exponentially popular and many established exchanges like Binance and Huobi have started margin trading of perpetual swap contracts and cryptocurrency futures, replicating the BitMEX business model effectively. Bitcoin is accessible through some publicly traded funds, like the Grayscale Bitcoin Trust (GBTC), of which I am long. It made them sound smart, and they could now say: "trust me, I know better than you", https://youtu.be or "let me educate you". Trading Forex or equity or now Bitcoin is not just about skill but also about how aware the traders are. Likewise, industrial metals like iron are very common as well; we have no shortage of them. It would be extremely difficult for major capital markets like the United States or Europe or Japan to ban it at this point. No such backing exists today for gold or Bitcoin, and thus there is less incentive to try to ban it.
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