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The beautiful thing is that if this becomes a trend for FTX and Bybit as well, this activity will slowly start moving into DeFi perps. And when that happens, they will actually be ready to scale and handle massive volumes. DeFi has always been about freedom and regulatory arb
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Generally, though I'm still not convinced whether this will actually affect other exchanges quickly. It seems pretty obvious so far that Binance has been the main target. But eventually this is inevitable anyways
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