RATE Group | Binance CEO Reveals Whether Bitcoin (BTC) Price Can Be Manipulated by Exchanges
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Binance CEO Reveals Whether Bitcoin (BTC) Price Can Be Manipulated by Exchanges

17 Feb Binance CEO Reveals Whether Bitcoin (BTC) Price Can Be Manipulated by Exchanges

Posted at 04:06h in Bitcoin News by

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In the wake of the imbroglio surrounding the 60 percent XRP crash on BitMEX and the most recent Bitcoin price drop, crypto Twitter is once again debating whether or not omnipotent exchanges can impact prices.

Changpeng Zhao, the CEO of Binance and one of the most influential personalities in the industry, recently left his rare take on the matter. In a thread that touches upon how the cryptocurrency market is being manipulated by big players, CZ tweeted that the price of BTC would be extremely high if crypto exchanges could manipulate prices. Since exchanges have skin in the game, it doesn’t make any sense for them to dump the BTC price.

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