In response to a sharp drop in trading volumes that have hit a four-year low, crypto exchanges have launched promotions to bolster their revenue streams.
Sam Bankman-Fried asserts that the FTX exchange's insolvency holds no significance in light of his upcoming October fraud trial.
The crypto exchange is implementing a 'risk management initiative' focused on certain cryptocurrency projects that possess a relatively modest market capitalization or whose tokens are involved in trading pairs with lower liquidity.
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