🪙 Coins… A report said that 90% of crypto trading volume takes place on only eight platforms. That may provide some traders more liquidity, but also risks putting crypto’s eggs in just a few baskets.
🌶️ Spicy… This week Binance.US’s CEO, head of risk, and head of legal all left the company. The exchange has struggled to maintain its market share after the SEC sued it in June, accusing it of operating illegally in the US.
💰 Spendy… FTX got the US bankruptcy court’s OK to sell off its $3.4B crypto stash as part of an effort to repay creditors. The bankrupt exchange is (for now) limited to selling $100M/week.
Latest Stories
Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.