News

FTX Creditors Payout Could Boost Crypto Markets by Year-End

Key Points:

  • FTX is to return $12 billion to creditors, with early payouts expected by December, providing potential liquidity for Bitcoin and other digital assets.
  • FTX repayments might boost crypto markets, but gradual distribution could limit immediate impact, stretching out through 2025.
FTX creditors payout may get $12 billion, boosting crypto markets. Galaxy expects early payouts to provide liquidity to traders, aiding Bitcoin’s price.

FTX Creditors Payout Set to Boost Bitcoin Liquidity

It positions FTX to return $12.6 billion to creditors, with some early distributions anticipated by December 2024. That liquidity could find its way into Bitcoin and other digital assets, analysts say, giving the flagging market much-needed support at last. It could even be the spark that gets crypto market activity going again, according to Bloomberg.

Read more: FTX Bankruptcy Plan Guarantees Full Repayment with Interest

Delayed Repayments Pose Limited Impact on Crypto Market

While creditors in FTX are likely to get payouts, this impact might be gradual in the larger crypto market. Larger creditors might see their repayments stretched over the next couple of years- a fact that would soften the expected boost to the market. Yet, for experts, this is a long-term liquidity event that may favour traders over time.

William

In the fast-paced world of day trading, I've honed my skills for over six years using technical analysis tools and crafting short-term strategies. My expertise isn't from textbooks but from the trenches of online trading communities. I excel at reading chart patterns, applying technical analysis, and mastering risk management. "The market is about probabilities," I declare. As Editor at Coincu, I empower readers with the insights and strategies to conquer the dynamic world of day trading.

Recent Posts

USDC and CCTP to launch on Aptos, with Stripe adding Aptos support in crypto products

Palo Alto, California, 21st November 2024, Chainwire

2 hours ago

Best Cryptos to Buy: Qubetics Set to Rise, Bitcoin Knocks at $100k Milestone, Avalanche to Release 1.67M Tokens

Best Cryptos to Buy: Qubetics presale rockets ahead, Bitcoin nears $100k, and Avalanche prepares to…

2 hours ago

Ike Goes Live on Mainnet: Unlocking Liquid Staking on Aleph Zero

London, United Kingdom, 21st November 2024, Chainwire

3 hours ago

Native USDC on Aptos Coming Soon to Boost DeFi and P2P Transactions

The move will see developers utilize USDC on Aptos in creating dApps on a wide…

3 hours ago

Coinshift Launches csUSDL, Announces Strategic Partnerships

Abu Dhabi, UAE, 21st November 2024, Chainwire

4 hours ago

Strategic Bitcoin Reserve Driven by 5-Year Commitment to Buy BTC

Senator Cynthia Lummis outlined the Strategic Bitcoin Reserve, which will sell part of the Fed's…

4 hours ago

This website uses cookies.