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Prime, co-founded by KSI and Logan Paul, is soaring to new heights.
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People around the world can attest that the last two years have been interesting to navigate. One of the U.K.’s top social media influencers has a beyond interesting story. Youtuber, KSI, revealed that he lost more than $5 million by trading cryptocurrency last year. The admittance of the tremendous financial loss comes after KSI has been very visible with his investments in non-fungible tokens (NFTs) and digital currencies, evidenced by his YouTube channel. In a YouTube video, the famous YouTuber revealed that he used a trading strategy called leverage trading by borrowing money from a broker. The strategy, which he fully regrets, led to this significant loss. Leverage trading is a way for traders to use the borrowed funds from brokers to increase their exposure in the market while paying less than the total price of the desired stock. In this process, the trader takes on a more prominent stock position. Sounds like a dope idea? While the process seems beneficial, it comes with...
Apr 20, 2022