Coin Gabbar Token

<h2 id="header-0">Despite the fact that the FTX crisis has been going on for quite some time, crypto traders are now confronting a new obstacle in the conventional financial sector.</h2><p>Even though the cryptocurrency market is still having trouble recovering from the <a href="https://www.coingabbar.com/en/crypto-currency/ftx-token-ftt-prices-usd" rel="noopener noreferrer nofollow">FTX</a> outbreak, there is a fresh and additional reason for traders to be concerned. Following the carnage that was seen on the market as a result of the failure of FTX, the values of cryptocurrencies have remained unchanged at the lowest levels in several months. This resulted in an increase in the amount of pressure that regulators put on the cryptocurrency market. Additionally, traditional financial firms in the insurance industry are avoiding crypto investments related to FTX due to the volatility of the market.</p><h3 id="the-ftx-contagion-effect-is-still-going-strong">The FTX Contagion Effect Is Still Going Strong</h3><p>In the most recent development, large insurance companies such as Lloyd&#39;s of London are limiting their coverage to customers who have exposure to foreign exchange (FTX). Due to the fact that there is still a significant distance to travel before achieving regulatory clarity on insurance coverage for crypto assets, this might have a domino effect on the entire cryptocurrency market. Insurance coverage is being denied to at least some of the funds that are connected to the Sam Bankman-Fried company. This applies not just to crypto traders but also to large firms that operate inside the industry, such as exchanges.</p><p>The most recent revelation from Reuters states that a number of &#34;insurers are refusing or reducing coverage&#34; to clients who have exposure to the insolvent cryptocurrency exchange. Because of this, <a href="https://www.coingabbar.com/en/crypto-currency-news/caroline-ellison-hired-former-senior-sec-cryptocurrency-regulator" rel="noopener noreferrer nofollow">cryptocurrency</a> traders and exchanges run the danger of having their insurance coverage cancelled in the event of cyber attacks, exploits, or legal concerns.</p>

Crypto Traders Face Another Huge Risk During FTX Contagion

Spis treści

Coingabbar

Inne artykuły opublikowane 28 gru 2022

Rewarded Video — What Does Verasity’s Latest Patent Mean?

Ripple Scores Another Victory? Judge Partially Rejects SEC's Request

Announcing: Variable Length Staking

XT.com Exchange Review– Key Features, Trading Fees and Other Details

TRX Founder Tells Community To Support Musk as Tesla Falls 11% More

Cairo Overtakes Rust in Terms of Total Value Locked: Defi Llama

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!