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> FTX's FTT token climbed 10% on the news. How is the token still trading? I thought FTX has already collapsed.

• mikeodds 3y ago
  No one calls timeout in crypto and it’s just an ERC-20 It’s fairly illiquid on most non bucket shop exchanges though https://www.coingecko.com/en/coins/ftx-token https://www.coingecko.com/en/coins/ftx-token
• lebean 3y ago
  The market can remain irrational longer than you can remain solvent.
• zoklet-enjoyer 3y ago
  It's on a permissionless block chain. It can't be stopped. That's kind of the point of the whole thing.
• yieldcrv 3y ago
  AMM - automated market maker - and LP - liquidity pool - technology has been a big boon for crypto value for half a decade now Uniswap is Silicon Valley based and venture backed, they launched the AMM and liquidity pool technology, it was immediately cloned and on its own removed the exchange gatekeeping from the equation about what can trade but the clones took that to a rabid level, there is no limit to what can have price discovery now. It doesnt need prestige or coordination for fungibility and exchange “listing” to exist so everything trades now. liquidity is just parked in a pool, often irreversibly, so dead and defunct things always continue trading. Most importantly, it’s fun
  • bdjsiqoocwk 3y ago
    > Most importantly, it’s fun As an insider to the market making industry[1] I find it deeply unfun. I've long thought that Id take less money for more intellectually stimulating work. [1] in real markets, not mickey mouse crypto markets.
    • yieldcrv 3y ago
      Because you’re doing something harder and riskier, that AMMs have almost reached parity with feature set wise
      • bdjsiqoocwk 3y ago
        > AMMs have almost reached parity with feature set wise I can tell you it definitely doesn't feel like that. It constantly feel like there's more ideas than time to implement them.