I am curious to read more about the risks, but don't plan to make this trade. Could you share a few points just to give me a direction to dig deeper?
https://www.binance.com/en/support/announcement/binance-adds...
Individuals in many countries (but not the USA) have access to Leverage Trading on Binance.
You could also use any of the following DeFi liquidity pools: https://nomics.com/markets/usdt-tether/usdc-usd-coin/markets
[1] which it isn’t; here’s what legit attempts at explanation look like: https://news.ycombinator.com/item?id=35113400
https://news.ycombinator.com/item?id=35113126
[2] if it weren’t, it would explained some of the terminology used, since the asker clearly isn’t deep in the business in the first place