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FTT 24h volume is ~$100M according to coinmarketcap.com Alameda hold $5.8B FTT according to the article. Any market makers able to advise how much is normally
by shorthistory 4y ago
FTT 24h volume is ~$100M according to coinmarketcap.com
Alameda hold $5.8B FTT according to the article.
Any market makers able to advise how much is normally held relative to daily volume/mean transaction size?
- JumpCrisscross 4y agoThis looks more like a dealer book than a classic MM. If they’re long $5.8bn and short $5.79bn, their net position is fine. That said, they’d be carrying major counterparty risk.
- shorthistory 4y ago1. They are understood to be classic MM [source?] 2. Balance sheet shows they are not classic MM 3. Counterparty is FTX 4. ...