Market volatility wiped exchange liquidity, OTC desks took charge
Cryptocurrency investors suffered one of the biggest financial hemorrhages last Friday. However, according to a report by Finery Markets, over-the-counter (OTC) desks were the "shock absorbers" that prevented the liquidation scuffle on Binance from spreading to the broader digital asset market. Centralized and defi exchanges felt the pain of US President Donald Trump's announcement of [...]