FTX’s ‘easy-access’ clearing stokes fears over runaway risk
Crypto exchange will auto-liquidate underwater positions, which critics say could fuel a death spiral in prices
As the assorted celebrities and bitcoin bros made their way home from the glitzy Crypto Bahamas event last month, and the scene-shifters began dismantling the stage that hours earlier had hosted Bill Clinton and Tony Blair, questions still mounted.
Cryptocurrency exchange FTX, which held the event, was proposing a radical new clearing model that would allow retail investors to bypass clearing
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