Opinion: FTX repayment can be seen as a positive sign of crypto industry recovery

avatar
ODAILY
02-18
This article is machine translated
Show original
Odaily Odaily News reports that FTX Digital Markets, a subsidiary of the bankrupt cryptocurrency exchange FTX, will repay its first batch of creditors on February 18, which will bring about $1.2 billion in funds. Bitget Wallet Chief Operating Officer Alvin Kan said that the FTX repayment is seen as a positive signal for the recovery of the cryptocurrency industry, and he believes that a large portion of the $1.2 billion repayment may be reinvested in cryptocurrencies, which could affect market liquidity and prices. (Cointelegraph)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments