Why do people use FTX?

FTX, like other exchanges, often paid interest on customers’ deposits too, meaning accounts could effectively be used like a bank. For others, using crypto was a way to avoid high charges on money transfer services, meaning they could send and receive money from relatives overseas.

Is FTX the'most regulated crypto exchange'?

REUTERS/Marco Bello/File Photo Purchase Licensing Rights Nov 18 (Reuters) - Before it collapsed this month, FTX stood apart from many rivals in the largely unsupervised crypto industry by boasting it was the "most regulated" exchange on the planet and inviting closer scrutiny from authorities.

What is the interest rate on FTX?

The interest rate for most creditors is 9%. Although customers will be reimbursed the cash value of their cryptocurrency assets at the time of FTX’s collapse plus some interest, that’s far short of how much money those assets would be worth today given crypto’s resurgence.