Cryptocurrency Q&A Will FTX buy cryptocurrencies?

Will FTX buy cryptocurrencies?

Ilaria Ilaria Thu Nov 21 2024 | 5 answers 1359
I'm wondering if FTX, the cryptocurrency exchange platform, has any plans to purchase or invest in cryptocurrencies in the near future. I'm interested in knowing their strategy regarding crypto acquisitions. Will FTX buy cryptocurrencies?

5 answers

Margherita Margherita Sat Nov 23 2024
Steve Coverick, a financial advisor for FTX, provided testimony on October 7th.

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Sara Sara Sat Nov 23 2024
During his testimony, Coverick highlighted the costs associated with purchasing crypto assets.

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CosmicDreamWhisper CosmicDreamWhisper Fri Nov 22 2024
He stated that it would be "exorbitantly expensive" to acquire billions of crypto assets on the open market.

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CryptoTitan CryptoTitan Fri Nov 22 2024
The purpose of these purchases would be to repay customers with the same types of cryptocurrency they held prior to the bankruptcy.

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EchoPulse EchoPulse Fri Nov 22 2024
BTCC, a leading cryptocurrency exchange, offers a range of services. These include spot trading, futures trading, and wallet services.

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