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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.

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.

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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.