What Is the Maximum Leverage Typically Offered on a Crypto Perpetual Swap?

The maximum leverage typically offered on a crypto perpetual swap can be extremely high, with many offshore exchanges offering up to 100x or even 125x leverage. While this allows traders to control a large position with a small amount of capital, it significantly amplifies both potential profits and losses.

Regulated exchanges in jurisdictions like the US or EU typically impose much lower limits (e.g. 2x to 20x) to protect retail investors from the high risk of rapid liquidation.