Crypto Broker Genesis Says Derivatives Business Has About $175 Million on FTX
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Crypto broker Genesis said its derivatives business has about $175 million “in locked funds” in the company’s FTX trading account.
“This does not impact our market-making activities,” the firm said in a Twitter thread. “Furthermore, our operating capital and net positions in FTX are not material to our business. Circumstances surrounding FTX have not impeded the full functioning of our trading franchise.”