Raoul Pal, the former head of global strategy at Goldman Sachs, is disappointed with Binance’s decision to liquidate its entire token portfolio of the cryptocurrency exchange FTX (CRYPTO: FTT).
What Happened: Pal is concerned that Binance “most opaque cryptocurrency exchanges with no reporting or ownership”, is trying to push another “opaque cryptocurrency exchange” and an overly entangled trading firm (referring to crypto exchange FTX) into insolvency. “It’s nearly impossible to know what’s actually happening, which …
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