FTX Dives into the Foreign Exchange Derivatives World
According to Bloomberg, the FX Volatility Indicator from Deutsche Bank has increased recently. The new permanent contract offered by FTX will be based on the FTX Dollar Spot Index. The euro, Japanese yen, Canadian dollar, and British pound are four top global currencies intended to "monitor the performance of a basket of."
FTX Purchased Voyager Digital for $1.4 Billion
Failed cryptocurrency lender Voyager Digital claims FTX US would buy its bitcoin holdings and other assets for almost $1.4 billion after a brief auction. The cryptocurrency exchange prevailed in an auction to buy Voyager's assets from rival crypto investment firm Wave Financial. After Voyager rejected FTX's bailout proposal earlier this year, the action was taken. The decision by FTX to buy Voyager's assets indicates that steps are being taken in the right direction to compensate Voyager customers, who have few legal options for recovering the cryptocurrency they lost when the site crashed.
