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They offered margin trading and all kinds of other things, the pitch being "like an exchange but with crypto". Why would anyone think it's not securities?
by stefan_ 4y ago
They offered margin trading and all kinds of other things, the pitch being "like an exchange but with crypto". Why would anyone think it's not securities?
- ls15 4y agoThe tokenomics are important. They could create as many PoW blockchains as they wanted without the coins being securities. The important part is that they created all tokens themselves and then sold them via ICO with funding rounds to investors who expected to make a profit from it. https://www.coingecko.com/en/coins/ftx-token/tokenomics https://www.coingecko.com/en/coins/ftx-token/tokenomics I think it is more of a stretch to call FTT a cryptocurrency than calling it a security.