📈 Read about #FTX - One of the largest crypto exchanges globally handles 11% of the $2.4 tn in derivatives trading monthly.
🔸With 5+ mn active users, FTX has seen a 1500% increase in registrations in 2021.
🔸Founded by Gary Wang and Sam Bankmanand Fried in May 2019.
🔸Currently, FTX supports 300+ cryptos, 499 trading pairs, and 11 fiat currencies.
🔸#FTT (FTX’s native token) is used as collateral in futures trading and staking which has a circulating supply of 134.33 mn and a total supply of 345 mn.
🔸FTX’s daily trading volume was $10 bn and a market cap of $32 bn as of Feb 2022.
🔸Made #Partnerships with IndiGG, and AZA Finance to enter Indian, African, and European markets.
🔸FTX’s offerings include spot & margin trading, OTC trading, futures, NFTs, and a mobile app.
🔸Raised $3.7 bn in 7 #funding rounds and made 20 #investments.
🔗Read More : https://www.linkedin.com/feed/update/urn:li:activity:6971050506601324544
🔸With 5+ mn active users, FTX has seen a 1500% increase in registrations in 2021.
🔸Founded by Gary Wang and Sam Bankmanand Fried in May 2019.
🔸Currently, FTX supports 300+ cryptos, 499 trading pairs, and 11 fiat currencies.
🔸#FTT (FTX’s native token) is used as collateral in futures trading and staking which has a circulating supply of 134.33 mn and a total supply of 345 mn.
🔸FTX’s daily trading volume was $10 bn and a market cap of $32 bn as of Feb 2022.
🔸Made #Partnerships with IndiGG, and AZA Finance to enter Indian, African, and European markets.
🔸FTX’s offerings include spot & margin trading, OTC trading, futures, NFTs, and a mobile app.
🔸Raised $3.7 bn in 7 #funding rounds and made 20 #investments.
🔗Read More : https://www.linkedin.com/feed/update/urn:li:activity:6971050506601324544
Sam Bankman-Fried lost his #billionaire status after seeing a 93% drop in his net worth in a single day.
The reduced estimate that takes away #SBF’s billionaire status comes as the native token of the #FTX exchange, #FTT, fell over 93% to a low of just $2.67 from a daily high of $20.47.
How will SBF rebuild his status?
Read More: https://lnkd.in/gxFSnvKz
The reduced estimate that takes away #SBF’s billionaire status comes as the native token of the #FTX exchange, #FTT, fell over 93% to a low of just $2.67 from a daily high of $20.47.
How will SBF rebuild his status?
Read More: https://lnkd.in/gxFSnvKz
Amidst the entire #FTX-Fiasco, SBF still wants to reconstruct the entire ecosystem. For the reason , #SBF may to issue new #FTT token.
When given multiple options to revive FTX exchange like Issuing new FTT tokens and distributing them to creditors and depositors, SBF replied,
"I continue to think that this would be a productive path for parties to explore! I *hope* that the teams in place will do so,"
When given multiple options to revive FTX exchange like Issuing new FTT tokens and distributing them to creditors and depositors, SBF replied,
"I continue to think that this would be a productive path for parties to explore! I *hope* that the teams in place will do so,"
#FTX, a bankrupt #crypto exchange, plans to fully compensate customers and creditors, facing a 15% #FTT token drop.
Despite optimism, challenges in assessing and validating over 36,000 claims may impact reimbursement feasibility. #CryptoNews
https://coinpedia.org/news/ftxs-big-promise-guarantees-to-pay-back-customers-completely-ditches-exchange-revival-plan/
Despite optimism, challenges in assessing and validating over 36,000 claims may impact reimbursement feasibility. #CryptoNews
https://coinpedia.org/news/ftxs-big-promise-guarantees-to-pay-back-customers-completely-ditches-exchange-revival-plan/
CoinPedia
FTX Revival Plan Tanked, Creditor Payback Promised: What Next for FTT’s Price?
Well, this comes as a surprising development for all! FTX, the bankrupt cryptocurrency exchange, has assured its customers and creditors that they stand