Dispute between Binance and FTX comes to a head

Frankfurt A dispute between two of the world’s largest crypto exchanges – Binance and FTX – has rocked the entire industry. According to data from the analysis house Coinmarketcap, the oldest cyber currency Bitcoin slipped below the important $20,000 mark on Tuesday and lost around five percent in value over a 24-hour period, the second most important digital currency, Ether, over six percent in the same period.

Smaller cyber currencies such as Solana or Cardano have also lost over ten and five percent in value in the past 24 hours.

The FTX token (FTT), the in-house coin of the crypto exchange FTX, which gives traders a discount on fees, was hit even more drastically. FTT temporarily lost around 23 percent in value over a 24-hour period.