Another causality of the crypto crash: Australia’s largest bank has paused the launch of cryptocurrency trading through its app amid turmoil and uncertainty in the market. Commonwealth Bank announced in November plans to allow its customers to buy and sell cryptocurrency through its app. But the Guardian reported today that has now been put on hold.
It is a tumultuous time for cryptocurrency. Stablecoin Terra collapsed this month, causing an effective crypto crash that wiped between 15% and 25% off the value of most major cryptocurrencies.
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