Cryptocurrency Q&A
Will FTX 'exorbitantly expensive' to buy crypto assets?
Will FTX 'exorbitantly expensive' to buy crypto assets?
BlockchainBaroness
Fri Nov 15 2024
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7 answers
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I'm considering using FTX to purchase crypto assets, but I'm concerned about the potential costs. Is FTX known for being 'exorbitantly expensive' when it comes to buying cryptocurrencies? I want to make sure I'm getting a good value for my money.
7 answers
KimonoElegance
Sun Nov 17 2024
Steve Coverick, a financial advisor for FTX, provided testimony on Monday regarding the financial implications of repaying customers.
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Davide
Sun Nov 17 2024
Coverick emphasized that acquiring billions of crypto assets on the open market would be extremely costly.
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ethan_harrison_chef
Sun Nov 17 2024
The goal of the acquisition would be to repay customers with the same types of cryptocurrency they held prior to the bankruptcy.
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Eleonora
Sat Nov 16 2024
According to Coverick, the market prices for these crypto assets have significantly increased since the bankruptcy.
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JejuSunshine
Sat Nov 16 2024
This increase in price has made it financially impractical to purchase the required amount of crypto assets.
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