Binance Chao: Full impact of meltdown at FTX had yet to be felt

[forex4you]

Binance Chao: Full impact of meltdown at FTX had yet to be felt

<p>Binance chief Chao is in an interview with the FT:</p><ul><li>full impact of meltdown at rival crypto exchange FTX had yet to be felt</li><li>warns of cascading crypto crisis</li></ul><p>Bitcoin is trading down -$237 at $17,353. The low reached $15,632. Meanwhile the FTX token FTT is trading at $3.27 that's down $0.08 or -2.39%. It traded as low as $1.07 on Wednesday. The low price today reached $2.23.</p><p>JPMorgan has said there can be a cascading of margin calls a few weeks ago</p><p>Interesting comments from the head of a crypto exchange.</p>

                This article was written by Greg Michalowski at forexlive.com.

Source: Binance Chao: Full impact of meltdown at FTX had yet to be felt

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