FTX and a number of other centralized crypto-asset exchanges “appear to operate as conglomerates, bundling products and functions within one firm” without the tight controls of traditional finance, Cunliffe said. There is “some tentative and limited evidence” that the failure of FTX has stimulated transfers to decentralized platforms, although he took little comfort in this:
Continue Reading on Coin Telegraph
Source: Cryptocurrency - investing.com
