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Yes. We need to filter out US citizens as they claim global jurisdiction. We don't do any further checks.

Looks like yes: https://leverex.io/regulation

Also, it looks like it's custodial? This is not actually deployed "on liquid", it just accepts liquid assets?

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It's custodial, yes.

It accepts Liquid assets, specifically Liquid-USDT which we use as collateral for all trading.

We're planning to stay and build on Liquid as its a multi-asset chain which will allow us to offer deliverable futures sometime Q1/Q2 next year.