Crypto.com CEO Kris Marszalek urged regulators to investigate exchanges that saw the largest liquidations since Friday, calling for thorough reviews of trading fairness and consumer protection after about $20 billion in liquidations.
Crypto.com CEO Calls for Regulatory Probe After $20B in Exchange Liquidations
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He asked whether any platforms effectively halted trading, whether trades were correctly priced against indexes, how trade monitoring and AML programs are set up, and whether internal trading teams are properly Chinese-walled, stressing regulators’ duty to protect users and ensure market integrity. In replies to the Crypto.com CEO’s post, commentators called for boycotts of Binance and investigations into why some exchanges experienced disproportionate liquidations relative to their trading volumes.
