Cryptocurrency companies have confirmed the status related to the collapsed electronic exchange FTX, Amber Group has also verified the company’s information.

Although Amber Group claimed to have no exposure to Alameda or FTT, it has been a frequent trader on FTX, and less than 10% of its total trading capital is invested there.

Binance CEO has also introduced requirements for crypto exchanges to prove their reserve assets in order not to repeat the case of FTX. Accordingly, major companies in the industry also spoke out to confirm their exposure to FTX.

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.

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Harold

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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.

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News

Amber Group Has Less Than 10% Of Its Trading Funds In FTX

Cryptocurrency companies have confirmed the status related to the collapsed electronic exchange FTX, Amber Group has also verified the company’s information.

Although Amber Group claimed to have no exposure to Alameda or FTT, it has been a frequent trader on FTX, and less than 10% of its total trading capital is invested there.

1) We've experienced multiple market cycles over the past 5 years, and our focus has been and continues to be the same – delivering an industry-leading service for trading, storing, hedging, and managing digital assets with a key focus on these core pillars.

— Amber Group (@ambergroup_io) November 9, 2022

Binance CEO has also introduced requirements for crypto exchanges to prove their reserve assets in order not to repeat the case of FTX. Accordingly, major companies in the industry also spoke out to confirm their exposure to FTX.

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

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