Key Takeaways Papertrade’s explosive debut has taken quite a turn, with open interest plunging 93.7% from $11 billion to just $693 million in roughly 24 hours. The exchange has also watched $48 million in deposits disappear, bringing its total value locked down from $118 million to $70 million after a whirlwind first weekend. Beyond the disappearing billions, Papertrade is facing complaints over transaction priorities and attempted price manipulation, raising questions about whether the exchange can keep traders interested once the initial excitement wears off. Papertrade’s $11 Billion Open Interest Craters as Deposits Flee On Saturday, Bitcoin.com News examined the newly …


