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On Wednesday, Binance, Gate.io, KuCoin and Huobi were among the exchanges that said they would publish Merkle tree reserve certificates. Their announcements came amid the mounting crisis involving FTX.
Consumer protection and regulation are key ingredients to transforming digital assets into an asset class worth trillions. The FTX exchange's Sam Bankman-Fried weighs in. Meanwhile, FTX's FTT token takes a dive after rival Binance announces plans to dump its remaining holdings.