“..this is not something we want to expose our clients to. We feel like there is not even a role for us to provide a market for price discovery then we might delist.”
Exchanges should have a neutral stance
He believes that the exchange should have a place for even “controversial” assets which, according to him, is useful for the market to have price discovery, “so that users can price that risk,” reports AMBCrypto.
Powell also said that an exchange’s neutral stance would allow people to “disagree with projects and place their bets.”
Delisting effectively eliminates users from having “access to put the money where the mouth is,” he said.
Not too long ago, a part of the crypto community said that BTC’s fall was due to market manipulation and people blamed Tether for the “imminent BTC crash.”
Powell, on the other hand, said that Tether is a “transparent reflection” of what’s going on at the banking system level and with all the exchanges. He denied that Tether is artificially inflating BTC.
The speculations regaring this subject will definitely continue.