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Do we know what token they swapped USDC for? Why would you swap a stable coin for another token? Didn't FTX swap coins for their native currency and use the pro
by adrr 4y ago
Do we know what token they swapped USDC for? Why would you swap a stable coin for another token? Didn't FTX swap coins for their native currency and use the proceeds for Alameda?
- flamemyst 4y agoAll deposit of USDC automatically converted to BUSD. Actually it makes thing easier for user because now USDC and BUSD always calculated as 1:1 with no swap fee. Crypto pair are more lean since they only need to pair with BUSD. Options to withdraw USDC still available and will use BUSD balance.
- latchkey 4y agoDon't forget that Binance has zero trading fees for BUSD pairs. They've been extending this promotion for a while now... https://www.binance.com/en/support/announcement/binance-extends-busd-zero-maker-fee-zero-trading-fee-promotion-for-seven-usd-stablecoin-pairs-9327c312af5e41048756693c46f732ed https://www.binance.com/en/support/announcement/binance-exte...