[ad_1]
The put up FTX Criticises UCC’s Asset Management Pursuit! appeared first on Coinpedia Fintech Information
FTX has strongly criticized the Common Clearing Company (UCC) for its asset management pursuits. The UCC had really helpful that debtors allocate practically $2.6 billion of their money reserves into short-term Treasurys. In a press release, FTX argued that this transfer would do extra hurt than good and would jeopardize the way forward for the cryptocurrency sector. FTX additionally acknowledged that such a call might result in a scarcity of belief within the cryptocurrency market, which may have unfavourable long-term results. The cryptocurrency alternate urged the UCC to reevaluate its plan and take into account different choices to make sure the soundness of the business.
[ad_2]
Source link
