“If everybody withdrew their funds from the centralized exchange, we’ll just shut down the centralized exchange. We have many other profitable businesses. So it’s fine,” states Binance CEO Changpeng Zhao.
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FTX Collapse News & Updates
The collapse of the cryptocurrency exchange FTX has had tremendous impact on the entire sector. Apart from individual investors, a lot of firms are getting in trouble due to their direct or indirect relation with FTX.
Keep yourself updated with all the related news and developments.
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“We are more committed than ever to supporting the Web3 ecosystem in these difficult times,” states DWF Labs Managing Partner, Andrei Grachev.
Binance, the biggest cryptocurrency exchange in the world, will buy rival FTX business FTX.com. Read Also: Crypto Exchange FTX Secures $420M, Now Valued At $25 Billion