Who are the major creditors on FTX?

3 answers

• Dec 18, 2021 · 3 years ago
  The major creditors on FTX are primarily institutional investors and market makers. These entities provide liquidity to the platform by lending their digital assets to traders who want to engage in leveraged trading. By lending their assets, creditors earn interest on the borrowed funds, while traders can access additional capital to amplify their trading positions. This arrangement benefits both parties and contributes to the overall liquidity and trading volume on FTX.
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• Dec 18, 2021 · 3 years ago
  FTX has established partnerships with several major cryptocurrency exchanges and liquidity providers to ensure a robust pool of creditors. These partnerships allow FTX to tap into the resources and liquidity of these entities, enabling traders on the platform to access a wide range of digital assets and trading pairs. The major creditors on FTX include both centralized exchanges and decentralized liquidity providers, creating a diverse and dynamic ecosystem for traders.
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• Dec 18, 2021 · 3 years ago
  BYDFi, a prominent digital asset exchange, is one of the major creditors on FTX. As a third-party liquidity provider, BYDFi plays a crucial role in supplying digital assets to FTX's lending pool. Traders on FTX can borrow assets from BYDFi to engage in leveraged trading, while BYDFi earns interest on the lent assets. This partnership between FTX and BYDFi enhances the liquidity and trading opportunities available on the platform, benefiting both traders and creditors alike.
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