FTX weekly stablecoin outflows increase as Binance pressure builds
FTX has recorded a surge in stablecoin outflows amid growing fears surrounding the crypto exchange’s financials. In the last seven…
FTX — an abbreviation of Futures Exchange — is a cryptocurrency trading firm co-founded in 2018 by Sam Bankman-Fried and Gary Wang.
FTX Exchange is a leading centralized cryptocurrency exchange specializing in derivatives and leveraged products. Founded in 2018 by MIT graduate and former Jane Street Capital international exchange-traded funds trader Sam Bankman-Fried, FTX offers a range of trading products, including derivatives, options, volatility products, and leveraged tokens. It also provides spot markets in over 300 cryptocurrency trading pairs such as BTC/USDT, ETH/USDT, XRP/USDT, and its native token FTT/USDT.
Bahamas-based FTX and its FTX US affiliate have overlapping management teams but separate capital structures. U.S. residents can only trade through FTX US.
FTX has recorded a surge in stablecoin outflows amid growing fears surrounding the crypto exchange’s financials. In the last seven…
Alameda Research CEO Caroline Ellison said Sunday that leaked information about the firm’s balance sheet only tells part of the…
Read the original CoinDesk FTX Investigation that exposed dirty dealings of Sam Bankman-Fried and led to the subsequent collapse of…