Crypto traders brace for more turmoil as FTX collapse sparks fear

The cryptocurrency industry is facing yet another turbulence even before it could completely shake off the ravages of the recently experienced meltdown that saw investors lose billions of dollars held in the digital assets globally.

The collapse of popular crypto exchange platform FTX is proving severely detrimental to the industry as it is shaking user confidence, putting the global market capitalisation of cryptocurrencies on another downward trajectory.