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Briefing
crypto

Big Binance Customers Move 60% of Assets off Exchange to ‘Cold Storage’

By
Aidan Ryan
· · Source: The Information

Binance announced on Monday it’s been letting big customers store collateral for their trades and investments off of the exchange through a new feature called Binance Mirror. How crypto exchanges use customer assets has been under intense scrutiny following the blowup of FTX, which federal authorities alleged lent out billions of dollars to trading arm, Alameda Research. Binance has seen...

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