What happens after FTX's acquisition of liquid?

Following FTX's acquisition of Liquid, Quoine will gradually integrate FTX's products and services into its own offering, and FTX's existing Japanese customers will be migrated to Quoine's platform.

Who is FTX and what is it for?

Who is FTX? FTX is a crypto asset exchange founded by traders, for traders. FTX.COM has grown rapidly since its inception in 2019 to become one of the most highly regarded crypto asset exchanges in the world offering spot, derivatives, NFTs and other innovative products & services.

What is FTX's largest liquid asset?

The largest of FTX's liquid assets was $470 million of Robinhood shares, which the exchange's CEO Sam Bankman-Fried was actively looking to sell on Friday, per the FT. The stock is owned by Emergent Fidelity, an entity controlled by Bankman-Fried but not listed in FTX's bankruptcy filing, it said.

How much money does FTX have on its balance sheet?

Crypto exchange FTX held just $900 million in easy-to-sell assets, but $9 billion of liabilities, on its balance sheet a day before it filed for bankruptcy, the Financial Times has reported. The size of the financial gap shown in FTX investment materials seen by the FT could mean big losses for the exchange's customers, the report said.