However, FTX itself filed for bankruptcy in the second week of November, after days of speculation about whether it was fully liquid. The questions were sparked by a CoinDesk report revealing that much of FTX sister company Alameda’s balance sheet was composed of an exchange token, FTT, issued by FTX, which later prompted Binance CEO Changpeng “CZ” Zhao to announce he would liquidate his company’s entire set of FTT holdings. FTX later suspended withdrawals.
Crypto Trader FalconX Unveils Institution-Friendly Custody, Trading and Credit Services
FalconX’s Prime Connect, unveiled on Tuesday, also includes post-trade settlement, institutional-grade credit, and portfolio margining, the company said in a...