Leverage exceeds one hundred times, trading going underground, Water Bay gold gambling "changes face" and starts again.

In the past, a simple registration was enough to participate, but now one must submit documents such as ID cards and bank card photos, and go through manual verification, a process that often takes a whole day. This is the latest threshold for the Shuibei gold "reservation price trading" platform. A significant change is that some platforms are no longer focusing on the concept of "reservation price" and are instead introducing a "pricing settlement" model. After users pay a deposit, they can settle their profits and losses based on the real-time gold price within the agreed period, without the need for physical gold delivery. Some platforms claim that with only a deposit of 10,000 yuan, one can trade gold worth about one million yuan, with a leverage ratio of nearly 100 times.