News

Deribit Denies Regarding FTX And Alameda

Crypto options exchange Deribit stated it did not have any large and risky positions with Alameda Research, the sister business of beleaguered crypto exchange FTX.
Deribit Denies Regarding FTX And Alameda 2

The crypto exchange also indicated that it neither has assets with FTX nor exposure to its exchange token, FTT, or Solana’s SOL, which is intimately tied with FTX and Alameda Research.

Deribit reaffirmed its lack of a trading desk or group entity that clears markets or executes deals on its behalf. The exchange also vowed to produce a Merkle Tree proof-of-reserve for its reserve assets in response to Binance CEO Changpeng Zhao’s “call.”

The collapse of FTX has brought many consequences for the crypto market. Other crypto companies, such as Tether and Cumberland, are also known to have no exposure to FTX or Alameda.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Bitdeer Convertible Notes Worth $360 Million Offered for Expansion Efforts

The Bitdeer convertible notes offer a 42.5% conversion premium, allowing conversion into cash with the…

21 minutes ago

Sui Foundation Enters into Strategic Partnership with Franklin Templeton Digital Assets

Grand Cayman, Cayman Islands, 22nd November 2024, Chainwire

46 minutes ago

Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6

Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…

2 hours ago

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

4 hours ago

Which Crypto Will Explode in the 2024-2025 Bull Run?

With the crypto market reaching new peaks, many are eager to discover digital currencies poised…

4 hours ago

Dogecoin and Shiba Inu Approach $1, but All Eyes Are on XYZVerse’s Push to $10!

XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…

4 hours ago

This website uses cookies.