Crypto OTC trading firm Genesis Block HK has more than $50 million stuck on FTX, a person with direct knowledge told The Block.
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What FTX's Collapse Means for CoinbaseShares of Coinbase skyrocketed over the past week since rival crypto exchange FTX filed for bankruptcy. Cathie Wood's ARK Investment Management ETF bought 238,000 more shares worth roughly $12.1 million. Oppenheimer Senior Analyst Owen Lau discusses the FTX collapse and whether it could be a positive development for Coinbase. Oppenheimer coinbase FTX_Official Going to $0.00. Oppenheimer coinbase FTX_Official I think that second section was more key than the first. It’s not Coinbase they are bearish on, but the market in general, which will reduce CB’s profits short term.
Source: CoinDesk - 🏆 291. / 63 Read more »