Buy Crypto
Markets
Contract
Spot
Earn
Web3 new
Learn
Blogs > Crypto in a Minute > Crypto Exchange Wars Begin >

Crypto Exchange Wars Begin

Author: Jeffrey Craig Date: 2022-11-08 02:57:48

  • Facebook
  • Twitter
  • LinkedIn
  • Telegram
  • Discord
  • Youtube
Subscribe Phemex

Get The Latest News And Updates From Phemex!

giftRegister to get $180 Welcome Bonus!
Email
Password
Invitation code (Optional)

november-8-daily-update

Main Takeaway: Selling Pressure On Exchange Tokens

The law of the jungle is prevailing as war breaks out between crypto figureheads CZ and SBF. The target of this battle is FTT, an exchange token that’s receiving significant short selling and spot selling pressure as questions over Alameda Research’s solvency begin feeling more real. The current situation is resulting in downward pressure on Alameda Research’s liquid assets such as Ethereum, Bitcoin, USDC, and Solana. Investors and traders should keep their eyes on the health of the large players in the midset of over-leverage by the large crypto exchange run by SBF.

Today’s Top Gainers

The top five performing coins on Phemex d-o-d are Rare FND (FND/USDT), Reef Finance (REEF/USDT), Lazio Fan Token (LAZIO/USDT), Volt Inu (VOLT(1K)/USDT), and Chainlink (LINK/USDT).


For any inquiries contact us at support@phemex.zendesk.com
Follow our official Twitter | Join our community on Telegram
Trade crypto on the go: Download for iOS | Download for Android
Phemex | Break Through, Break Free
  • Facebook
  • Twitter
  • LinkedIn
  • Telegram
  • Discord
  • Youtube
Subscribe Phemex

Get The Latest News And Updates From Phemex!

giftRegister to get $180 Welcome Bonus!
Email
Password
Invitation code (Optional)
start trading start trading start trading

Register On Phemex Now To Begin Trading

Register On Phemex

More Articles

Subscribe Phemex

Get The Latest News And Updates From Phemex!

Get The Latest News & Updates!

Bonus

Calling New Moderators & Earn Rewards Coming On-chain Soon