Cryptocurrencies
Error-Prone Crypto Exchanges Need Guardrails, FTX.US Head Says
- FTX.US trading rules are entirely self-imposed: Harrison
- Bitcoin prices briefly plunged by 87% on Binance.US this week
The Binance Exchange website.
Photographer: Tiffany Hagler-Geard/BloombergThis article is for subscribers only.
In order to protect investors from the kind of flash crashes that plagued Binance’s U.S. platform on Thursday, cryptocurrency exchanges need to take a page from the equity market.
That’s the view of crypto exchange FTX.US President Brett Harrison. While FTX.US has put in place circuit breakers and other trading limits, those restrictions aren’t required by federal regulators, Harrison said.