During the collapse of FTX, the majority of reputable cryptocurrency exchanges adopted user protection funds, according to a new report that was released by the blockchain analytics firm Nansen. Nominal fiat protection funds total more than $2 billion at exchanges like Binance, OKX, and Bitget. Coinbase provides U.K. customers with insurance worth up to 150,000 British pounds ($189,140), while Huobi’s insurance fund is secured by 20,000 Bitcoin. Binance at top of spot and derivatives trading volume after FTX collapse Binance has remained at the top of spot and derivatives trading volume, among other things. Kraken’s trading volume increased the most The post User Protection Funds Pledged By Exchanges Amid Collapse Of FTX appeared first on Cryptoknowmics-Crypto News and Media Platform .
