World Federation of Exchanges Chips Recommendations


World Federation of Exchanges Chips Recommendations

The World Federation of Exchanges, WFE, has issued a set of recommendations for the crypto-trading industry as concerns about regulation and adoption grow.

The top recommendation is to separate market infrastructure functions to limit crypto trading platforms . . .

from trading in conflict with their customers.

Second, authorities should create systems that check wider risks, especially in price-determinant markets.

Other recommendations include: Hold sufficient financial resources to meet expected operational stress events; Facilitate compliance with best execution requirements; Increase robustness of listing standards; Have appropriate governance and management requirements.

It is worth noting that following the fall of FTX in November 2022 , most centralized crypto exchanges have released periodic proof-of-reserves to show

#shorts #CryptoNews #CryptoShorts #crypto-trading sector #exchange body #centralized crypto exchanges

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