A Failed FTX-Binance Deal Is ‘Catastrophic’ for Crypto Sector

by Jeremy

Nevertheless, it will not be a complete exodus for institutional buyers as they have already got a big presence into the sector. “Regardless of the end result is, I don’t suppose it can result in institutional buyers considerably pulling cash from the sector,” stated Kevin March, co-founder of cryptocurrency prime brokerage agency Floating Level Group. “Anybody that’s right here proper now, is right here to remain … We’re nonetheless having conversations with establishments who’re and making an attempt to determine find out how to enter the house this week regardless of the backdrop,” he added.

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