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JPMorgan: $4 Billion Binance Crackdown Stopped Chance of 'Systemic Risk' for Crypto

From thestreet.com

This week, top analysts at JPMorgan said that the settlement between U.S. prosecutors and the world’s largest crypto exchange, Binance, was a "positive" step for the crypto industry, reducing overall uncertainty around leading crypto exchange Binance in global crypto markets. “We see the prospect of settlement as positive as uncertainty around Binance itself would subside and its trading and BNB Smart Chain business would benefit," JPMorgan analyst Nikolaos Panigirtzoglou told crypto news site The Block. "For crypto investors the prospect of settlement would see the elimination of a potential systemic risk ... (full story)

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  • Category: Fundamental Analysis