Is Binance the next FTX? Does this happen in any other free market when a coin issued by an exchange can buy its next biggest competitor 5 times over? Coinbase market cap is 7.55B and BNB is @ 43B? I get that Coinbase is mostly US and Binance is mostly rest of US. But does this even make sense if not for obvious price manipulation at catastrophic levels? Can anyone explain this to me as totally I’m missing something?
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source https://www.reddit.com/r/btc/comments/106r90u/binance/
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