The ban will take effect in January of next year, affecting crypto brokers, investment platforms, financial advisers and, of course, derivatives exchanges. But, David Mercer, CEO of LMAX Group, said what the ban really does is effectively halve the leverage. The FCA had already limited leverage to retail customers to two-to-one, now it's one-to-one. [https://www.google.com/amp/s/www.theblockcrypto.com/amp/post/82070/lmax-ceo-breakdown-uk-crypto-derivatives](https://www.google.com/amp/s/www.theblockcrypto.com/amp/post/82070/lmax-ceo-breakdown-uk-crypto-derivatives)