Crypto.com CEO urges regulators to probe exchanges with the most liquidations

**Crypto.com CEO Calls for Regulatory Investigation Into Exchange Liquidations Following Major Market Crash**

Crypto.com Chief Executive Kris Marszalek has publicly urged financial regulators to scrutinize cryptocurrency exchanges that experienced the highest liquidation volumes during Saturday's massive crypto market downturn. In a strategic X (formerly Twitter) post, Marszalek highlighted concerns about exchange practices during periods of extreme market volatility, positioning his platform as a more transparent alternative in the competitive digital asset landscape.

The call for regulatory oversight comes as the cryptocurrency market faces increased scrutiny from global financial authorities. Liquidations occur when traders' leveraged positions are automatically closed due to insufficient margin, often amplifying market crashes and causing significant losses for retail investors. Marszalek's statement suggests potential irregularities in how some exchanges handled the recent Bitcoin and altcoin selloff.

This development underscores growing tensions within the crypto industry as established exchanges compete for market share while navigating evolving regulatory frameworks. The CEO's public stance may signal Crypto.com's strategy to differentiate itself through regulatory compliance and transparency, particularly as institutional adoption of blockchain technology and DeFi protocols continues expanding despite market turbulence.