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Crypto.com operates internal proprietary trading desks: Financial Times
Crypto exchange Crypto.com has been operating internal proprietary trading teams, according to a report by the Financial Times. Citing five anonymous sources, the business publication reported Monday that the Singapore-based exchange has attempted to obfuscate the trading operations, with one source telling the FT that employees were requested by management to "say there is no internal market maker type operation." Crypto.com denied any improper relationship between the internal trading operation, which it described as an internal market maker, and its exchange. People familiar with the operations told the FT the ... (full story)