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Binet says it will liquidate its entire position in the FTX of course is used by its competitor FTX joining us with more is Yahoo finance is David Hollerith and David this is part of binances um exit from fpx but whats the impact likely to be on users yeah at Kiko you know right now as of the announcement that uh biances CEO CZ made yesterday uh the ftt which is sort of the crypto exchange for rival crypto exchange FTX has sagged about 5.6 percent uh which is you know not very substantial it is a smaller its about a four billion dollar market cap so uh you know were not seeing a huge impact there um but the larger situation is that uh binances CEOs come out as saying that um theres some sort of risk surrounding the and its due to recent Revelations which is sort of cryptic now binance wont offer any more comments beyond what CZ has said over Twitter and hes he set a fair amount about the ftt uh but theres a lot of speculation around what