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.
5 answers
Margherita
Sat Nov 23 2024
Steve Coverick, a financial advisor for FTX, provided testimony on October 7th.
Sara
Sat Nov 23 2024
During his testimony, Coverick highlighted the costs associated with purchasing crypto assets.
CosmicDreamWhisper
Fri Nov 22 2024
He stated that it would be "exorbitantly expensive" to acquire billions of crypto assets on the open market.
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.
EchoPulse
Fri Nov 22 2024
BTCC, a leading cryptocurrency exchange, offers a range of services. These include spot trading, futures trading, and wallet services.