Terra’s meltdown highlights benefits of CEX risk-management systems -Breaking
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Terra’s meltdown highlights benefits of CEX risk-management systemsIt collapse of Terra’s ecosystem — namely, native coin LUNA and algorithmic stablecoin TerraUSD (UST) — rocked the wider blockchain and cryptocurrency ecosystem. Not only did Terra-ecosystem tokens (such as Anchor’s ANC) collapse in value, but the widespread fear, uncertainty and doubt sent market-leading cryptocurrencies (BTCEther (ETHSome exchanges allow for a minimum of $27,000 or $1,800.
As of the time that I’m writing this article, the cryptocurrency market still hasn’t recovered — even if Terra’s contagion has been mostly contained.
Lennix LeiHe is OKX’s managing director. Lennix is the international managing director of OKX. Lennix was previously employed at JP Morgan (NYSE:), AIG (NYSE;) and Cash Financial Services Group. With 15 years of experience in the worlds of financial services and fintech, Lennix plays a key role in OKX’s transformation from a standard centralized exchange into the largest hub for DeFi services, nonfungible tokens and blockchain gaming — as well as crypto trading.
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