The market's rummaging around at support all the way back from 2020.
The FTX fallout put a major damper on our parade.
But that means there's more share of the market to scoop up. And Binance looks hungry.
The company recently acquired the Japanese crypto exchange Sakura Exchange BitCoin (SEBC), which means it can list as a regulated entity.
Here are the details.
It sucks that FTX turned out to be a dumpster fire. And it definitely looks bad for the industry. Who knew Alameda would gamble away billions in assets? Bad apples will be bad apples.
But there's a diamond in the rough …
The sector needs regulation. And Binance is ready to help.
Here are some words from Takeshi Chino, general manager of Binance Japan …
"We will actively work with regulators to develop our combined exchange in a compliant way for local users. We are eager to help Japan take a leading role in crypto."
That warms the heart.
If you really want to turn up the heat, look at today's spiker …
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