It’s been a busy week for crypto, and investors who have their funds tied up in one of the best-known exchanges could have an uphill battle ahead. On Tuesday, Binance—the world’s largest cryptocurrency exchange signed a letter of intent to acquire FTX, the second-largest crypto exchange.
This move shook the crypto world (and its investors) to its core. The decline of what seemed to be one of the most promising exchanges, followed by the sharp drops in some major cryptocurrencies like Bitcoin and Ether in response to this news has many investors feeling uneasy.
