3 ms·
What does A-OK mean? No exposure at all?
by zen21 4y ago
What does A-OK mean? No exposure at all?
- idkyall 4y agoAs I understand it, FTX outside the US offered many exotic financial products: e.g. 24/7 traded Tesla stock tokens[1], leverage, etc., which I don't believe US based crypto exchanges are allowed to offer(Coinbase stopped offering leverage in 2020, for example). The acquisition offer yesterday did not include FTX.us[2] This may mean that the US part of the exchange and the associated customer funds were not lent out, but we shall find out. [1]https://coinmarketcap.com/currencies/tesla-tokenized-stock-ftx/ https://coinmarketcap.com/currencies/tesla-tokenized-stock-f... [2]https://www.cnbc.com/2022/11/08/binance-offers-to-buy-ftxs-non-us-operations-to-fix-liquidity-crunch.html https://www.cnbc.com/2022/11/08/binance-offers-to-buy-ftxs-n...
- zen21 4y agoI guess we now know that A-OK just means one day away from declaring bankruptcy.