Hey everyone!
In a move that has shocked the crypto industry, Binance has just announced that it has acquired a majority stake in the popular crypto derivatives exchange FTX.
The move comes as a surprise to many, as Binance is already one of the largest crypto exchanges in the world and has been aggressively expanding its operations over the past few years.
But what many people aren’t talking about is the possibility of price manipulation that this move could enable. With Binance now controlling both the centralized and decentralized exchanges, it could potentially have the power to influence the markets and drive up prices.
This could lead to increased profits for Binance, but it could also be to the detriment of other traders who may not have the same resources or access to information.
It’s important to keep an eye on this development and monitor the markets for any signs of manipulation. It’s also important to remember that no matter what moves Binance makes, you should always do your own research and make sure to take responsibility for your own investments.
