Binance is dumping all of its FTX tokens ($FTT). CEO CZ insists it is not a move against a competitor. cryptocurrency crypto
Crypto Exchange Binance Dumping All FTX Tokens on Its Books — CEO Cites 'Recent Revelations'
Changpeng Zhao has confirmed. “Regarding any speculation as to whether this is a move against a competitor, it is not,” he added. “Our industry is in its nascency and every time a project publicly fails it hurts every user and every platform.”The CEO of global cryptocurrency exchange Binance, Changpeng Zhao , announced via Twitter Sunday that his exchange is liquidating all of the FTX tokens on its books.
In follow-up tweets, the Binance boss added: “We will try to do so in a way that minimizes market impact. Due to market conditions and limited liquidity, we expect this will take a few months to complete.” He further said. “We typically hold tokens for the long term. And we have held on to this token for this long.”Liquidating our FTT is just post-exit risk management, learning from LUNA. We gave support before, but we won’t pretend to make love after divorce. We are not against anyone.
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