Hi everyone, hopefully you are fine and having fun with your family and friend.
Binance has reopened FTT deposit after completing research on Suspicious fund transfers. Also Binance announced delisting of all FTT trading pairs except FTT/BUSD pair. Users can only trade FTT/BUSD Pair after 2022_11_14 9:40 UTC+5.
As we know that Binance is the biggest centralized exchange in crypto so anything it say ,it has effects. The FTT is continuously losing its value as the price is going down rapidly.
Recently after the FTX Saga , Binance went public on funds they are holding. Following which many other centralized exchanges started posting details of the funds publicly in order to keep themselve transparent.
This act of the Binance is highly appreciated by big traders on twitter. Binance CEO Changpeng Zhao said that the exchanges should not play with funds of their customers. As this creates big trouble as is happened to FTX.
Is it enough for the centralized exchanges to public addresses holding funds ? How do you see it ?
Let me know your thoughts in comment section.
Thanks for stopping by, If you like this article , please give it a reblog or an upvote would be highly appreciated.
About Author
@coolguy222 is a full time crypto trader and content creator on hive blockchain. He loves to make new friends.