alt Hacker NewsBinance having an extra $6B to cover this is wild to me.
Replies
trotro • today at 3:14 PM
Bybit covered $1.5B last year, so it shouldn't be surprising that Binance, a much larger exchange, is able to cover 4x more.
I think people here underestimate how profitable these exchanges are.
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paulpauper • today at 4:11 PM
3 billion was frozen
Binance saying it has $6b+ is obligatory. We'll find out soon enough