What are the reasons behind FTX's decision to buy crypto by closing a sale?

3 answers

• Nov 26, 2021 · 3 years ago
  FTX decided to buy crypto by closing a sale for several reasons. Firstly, it allows them to acquire a significant amount of cryptocurrency at once, which can be advantageous for their trading activities. Additionally, closing a sale ensures that FTX obtains the desired crypto assets without the risk of losing out to other buyers in a competitive market. Lastly, this approach may also provide FTX with potential cost savings or favorable pricing terms, depending on the negotiation process.
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• Nov 26, 2021 · 3 years ago
  The decision to buy crypto by closing a sale was likely driven by FTX's strategic goals. By acquiring cryptocurrency through a sale, FTX can quickly increase their holdings and strengthen their position in the market. This approach may also allow FTX to take advantage of any potential discounts or favorable terms offered by the seller. Overall, it's a strategic move that aligns with FTX's growth objectives.
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• Nov 26, 2021 · 3 years ago
  When it comes to purchasing cryptocurrency, FTX has chosen to buy by closing a sale. This decision is based on the belief that it offers them a competitive advantage in the market. By closing a sale, FTX can secure the desired crypto assets efficiently and effectively. This approach also allows them to negotiate favorable terms and potentially save costs. Overall, it's a smart move that demonstrates FTX's commitment to optimizing their crypto trading operations.
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