What Will Happen to Bitcoin and Altcoins If Binance Doesn’t Buy FTX?

Cryptocurrency With the bankruptcy of the stock market FTX, the crypto money markets suffered a great shock.

Investors FTX While experiencing uneasiness and anxiety with the bankruptcy of a large stock market such as Binance Although it announced that it had signed an acquisition agreement with FTX, investors’ concerns did not subside.

In the minds of investors “what if Binance stops buying FTX” has a question.

This is the biggest question on the market. stablecoinone of the USDCissuing company of Jeremy Allaire, CEO of Circle answered.

Speaking to CNBC, Jeremy Allaire said that FTX’s collapse was a kind of shock, pointing to the lack of transparency in the company’s balance sheet.

Circle CEO pointed out that a scenario where Binance gives up on buying FTX and no one buys FTX is a scenario that will shake the markets even more.

“It would be bad for the market if Binance stopped buying FTX. But the prospect of no one to buy FTX and its assets is far worse than Binance giving up on buying FTX.

This leaves a huge hole in the markets. It’s also what investors and markets are most worried about right now.

Because we do not know the details of the preliminary contract between Binance and FTX.”

The CEO of Circle finally said that FTX’s collapse “On the importance of having a clear regulatory structure for digital assets in the US” He said he was pointing.