Crypto exchanges struggle to convince users

Independent valuation: People walk in front of the FTX Arena in Miami, Florida. The fact that FTX was able to keep its glaring deficiencies hidden for so long shows accounts must be audited and assets valued by third parties. — Bloomberg

LONDON: Moves by cryptocurrency exchanges to reassure markets about their stability are having little effect on jittery users, who keep pulling funds from the venues.

Platforms from Binance to Crypto.com have made full or partial disclosures outlining their assets since FTX.com unravelled last week.