Binance moves to liquidate its entire position in FTX tokens

Binance CEO Changpeng Zhao said on Sunday that his cryptocurrency exchange is liquidating its holdings of FTT, the native token of rival exchange FTX.

FTT has dipped 10% over the past day to $23.03 from $25.55. FTT is now trading at 22.31 USD, dropping 5.61% after 24 hours.