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Is Binance The Next FTX?One of the world's largest cryptocurrency exchanges, FTX, has collapsed, with what is reported to be an $8bn (?bn) black hole on its. Binance has scrapped its letter of intent to buy rival crypto exchange FTX, according to a Binance spokesperson. "As a result of. This hypothesis holds that when a market leader, such as Binance, suffers regulatory concerns or poor press, it can cause a ripple effect.
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