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X clarifies off-platform crypto trading model
On Monday, the crypto market experienced heightened volatility, partly linked to uncertainty surrounding how trading would be organized on the X platform. The situation stabilized after the social network announced that all transactions would be executed off-platform through partner brokers. X clarified that it does not execute transactions or act as a broker. The platform will display real-time prices and charts, while routing any trades to external channels. “Smart cashtags will display real-time cryptocurrency prices and charts, but all trades will be executed off-platform through partner brokers,” Nikita Bier ... (full story)
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