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Two titans of the cryptocurrency industry may be squaring off for control of the $1t digital asset market with only one left standing. CZ did not specify how much Binance holds but said it held roughly $2.1b equivalent in FTT and its own BUSD dollar-denominated stablecoin. He confirmed that $584m in FTT had already been converted.
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“We will try to do so in a way that minimizes market impact,” wrote CZ on Twitter. “Due to market conditions and limited liquidity, we expect this will take a few months to complete.”
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