Here’s Why This Crypto Exchange Chief Asked Investors to Withdraw Their Holdings

Ray Youssef, CEO and co-founder of Paxful, has asked investors on centralized crypto exchanges to withdraw their holdings. Youssef also revealed contentious measures the exchange will take in the aftermath of the FTX collapse. In a Twitter thread this week, Youssef reiterated “self-custody.” He said, “I’m messaging all of our users to move your Bitcoin … Read more

Ethereum Exchange Exodus Underway as ETH Staking Yields Soar

More than a million ETH has left centralized exchanges over the past week. The Ethereum exodus comes in the wake of the FTX collapse as holders grow wary of centralized exchanges. According to Glassnode, 1.1 million ETH has been withdrawn from centralized exchanges over the past week. It is the largest 30-day Ethereum balance decline … Read more