Cryptocurrency Q&A
What coins did FTX own?
What coins did FTX own?
Giulia
Fri Sep 06 2024
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5 answers
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I'm curious, can you elaborate on the specific cryptocurrencies that FTX, the now-defunct cryptocurrency exchange, held in its possession? Were there any notable or high-value coins among their holdings? How significant was their ownership of these digital assets in terms of market capitalization and potential influence on the broader crypto market? It would be interesting to know the details behind their portfolio, especially given the recent developments surrounding their collapse.
5 answers
CryptoVisionaryGuard
Sun Sep 08 2024
This substantial holding in SOL reflects FTX's confidence in the scalability and performance of the Solana blockchain, which has gained traction for its ability to process transactions rapidly and efficiently. With SOL accounting for 13.65% of its circulating supply, FTX's position underscores its commitment to this innovative technology.
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Federico
Sun Sep 08 2024
FTX, a prominent player in the cryptocurrency space, maintains a diverse portfolio of top holdings, showcasing its strategic investments and influence within the industry. As of December 4, 2023, SOL, the native token of the Solana blockchain, topped FTX's list of top 10 holdings with a significant value of $1,162 million.
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SakuraWhisper
Sat Sep 07 2024
Following closely behind SOL, FTX holds a notable amount of BTC, the flagship cryptocurrency of the industry. With holdings of $560 million, BTC comprises 0.11% of its circulating supply, highlighting FTX's strategic allocation of resources towards the most established and widely recognized digital asset.
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isabella_doe_socialworker
Sat Sep 07 2024
ETH, the native token of the Ethereum network, rounds out the top three holdings on FTX's list. With $192 million in ETH, the exchange demonstrates its recognition of the platform's potential as a hub for decentralized finance (DeFi) and smart contract applications. ETH's holding represents 0.09% of its circulating supply, further emphasizing FTX's diversified portfolio.
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KimonoElegance
Sat Sep 07 2024
Among the other notable holdings on FTX's list is APT, the token of a prominent blockchain project. With $137 million in APT, FTX holds 10.38% of its circulating supply, demonstrating a strategic focus on emerging projects with high growth potential. This investment underscores FTX's commitment to staying ahead of the curve and identifying promising opportunities within the cryptocurrency ecosystem.
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