Research firm Kaiko pointed out in its latest report that the crypto market is facing significant liquidity concentration risks, with a particular reliance on Binance standing out. The report states that as more liquidity gathers in a few centralized exchanges, the risk of market-wide chain reactions during periods of high volatility is increasing. Kaiko noted that although Binance holds a central position in the crypto ecosystem, it still faces structural, operational, and legal risks. The report emphasized that Binance is currently not a 'formally regulated' exchange, has previously been convicted in the U.S. for failing to effectively combat money laundering, and has yet to obtain the EU MiCA license. These factors could amplify systemic risks under extreme circumstances. (DL News) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=53460