Traders fleeing crypto markets – Bloomberg ...News

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Traders fleeing crypto markets – Bloomberg
The collapse of the FTX exchange has dented investor confidence in cryptocurrencies In the wake of the FTX bankruptcy, traders are abandoning online crypto-trading platforms in a bid to safeguard their assets, Bloomberg reported on Monday, citing experts. The “wild-west days” of crypto markets are back again as the large trading houses that once thrived on arbitraging price gaps pull back, according to the media. Prices for identical assets are reportedly diverging on various platforms. The gap between the funding rates of identical Bitcoin futures on Binance and OKEx has been as wide as an annualized 101 percenta

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