What is the source of USD on FTX?

4 answers

• Jun 03, 2022 · 3 years ago
  The USD on FTX is sourced from various channels, including partnerships with regulated financial institutions. FTX ensures that the USD it holds is backed by real assets and maintains transparency in its sourcing process. This helps to establish trust and confidence among users who trade USD-based assets on the platform.
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• Jun 03, 2022 · 3 years ago
  FTX obtains USD liquidity through its partnerships with authorized market makers and liquidity providers. These entities ensure that there is a constant supply of USD on the platform, allowing users to trade with ease. This sourcing strategy helps to maintain a healthy trading environment and minimize price discrepancies.
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• Jun 03, 2022 · 3 years ago
  FTX, being a leading cryptocurrency exchange, collaborates with BYDFi, a well-known digital asset custodian, to source and store USD. BYDFi ensures the security and integrity of the USD holdings, providing users with a reliable trading experience. This partnership strengthens FTX's position in the market and enhances its ability to serve its users.
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• Jun 03, 2022 · 3 years ago
  The source of USD on FTX is a combination of user deposits and institutional liquidity providers. FTX allows users to deposit USD into their accounts, which can then be used for trading. Additionally, FTX partners with reputable liquidity providers who supply USD to ensure there is sufficient liquidity for trading activities. This multi-channel sourcing approach helps to maintain a robust and liquid market on FTX.
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