A major crypto derivatives exchange, one of the industry's oldest, is shutting down for good. đŸ•Żïž

It's happening right as $BTC holds steady near $87,000.

The exchange is opening fund recovery to previously barred customers as it winds down, a rare move.

Meanwhile, the market keeps moving:

📊 JPMorgan says $85K is the crucial level for Bitcoin's next move
🏩 Bitcoin is leaving exchanges at its fastest daily pace in 3 years, often a sign of holders moving to self-custody
⚖ New York sued a major prediction market platform, calling it illegal gambling

The industry has changed a lot since the early derivatives exchanges defined the space. What's your take?

#bitcoin #BTC #CryptoNews #BinanceSquare