Binance dominance poses ‘significant operational risks’ to industry: Kaiko

As more liquidity accumulates on centralised crypto exchanges, the risk for larger wipeouts during times of volatility is steadily increasing, according to a new report. Research firm Kaiko said on Tuesday that there is a “clear risk of concentration” in crypto markets, with liquidity collecting on a small number of platforms. The report highlighted that over-reliance on Binance — the largest crypto exchange by trading volume — was especially risky for the industry. “Despite its central role in the eco ...