⚠️ BINANCE & OKX: TENSION BETWEEN TWO BIG CEX
Recently, the crypto community has been buzzing about the tension between Binance and OKX following public statements from OKX. The cause stems from significant market fluctuations, where OKX believes that the operational methods and risk management of some major exchanges have contributed to exacerbating the decline and causing losses for investors.
Although not always naming names, many statements are seen as directly targeting Binance, making the competitive relationship between the two largest exchanges in the market clearer than ever. Binance later also denied direct responsibility, claiming that the fluctuations stemmed from general market factors.
The incident highlights a reality: when the market is highly volatile, trust, transparency, and risk management of CEXs are becoming vital factors, not only for users but also for the reputation of the exchanges.