when

The post <a href="https://coinpedia.org/news/ftx-set-to-distribute-16-billion-what-it-means-for-crypto-investors/">FTX Set to Distribute $16 Billion: What It Means for Crypto Investors</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
FTX is one of the most infamous crypto exchanges. What is the latest about this collapsed crypto exchange? It is very interesting. FTX is preparing to distribute $16 billion in cash to its customers in the coming months, which will have a serious impact on the crypto market.&nbsp; 
Here is what you should know about the development! 
<h2 class="wp-block-heading" id="h-ftx-s-cash-distribution-to-customers-nbsp">FTX’s Cash Distribution to Customers&nbsp;</h2> 
So, we know that the collapsed exchange is set to distribute cash. The big question is exactly when it will shart the distribution. As a Web3 enthusiast named Farhad F, the distribution is expected to start as early as December 2024. Interestingly, he predicts that a significant portion of this cash will flow back into the crypto market. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdxu7y3ds4Kz7wquXGhRJlGf8-sCUPnv-PEgQPCtuVhL4-qhBjsVHic0WeiYeAWVwsjY1IGXtTs_YaM5fJnbVMwEgYzWjQvXQvcM1vtJRD_EWwnW6hUdijhgd_-DSHVcx-n3YbCN2u5HRDfrroVRVqwH7Gi?key=uRh2wm9RuZRZKBr9LUJ9VQ" alt="">
</figure> 
This post indicates that some of the most popular cryptocurrencies and a few Ethereum-based memes will be the recipients.&nbsp; 
<h2 class="wp-block-heading" id="h-the-ripple-effect-of-ftx-s-cash-distribution-on-crypto-liquidity-nbsp">The Ripple Effect of FTX’s Cash Distribution on Crypto Liquidity&nbsp;</h2> 
There are reports that most of these recipients are crypto natives. This Web 3 expert expects that the recipients, who are crypto natives, will reinvest the cash in the crypto market itself. If such a move happens, it will trigger a bull run. DOGE is the only coin we see as a possible benefit in his post. 
Before winding up, let’s walk through the rise and fall of FTX to better understand the scenario. The exchange was founded by Sam Bankman-Fried. <a href="https://coinpedia.org/news/why-did-ftx-collapse-bankman-fried-reveals-all/" target="_blank" rel="noreferrer noopener">It collapsed in November 2022</a>. The collapse exposed several corporate control failures, raised questions about regulatory oversight, and even questioned the role of venture capitalists in enabling such malfeasance.&nbsp; 
It was one of the major collapses in the crypto sector’s history, triggering a serious discussion about the need for better governance in the sector.&nbsp; 
Every crypto enthusiast should be aware of the rise and fall of FTX, which had a huge impact on the crypto market. Currently, evaluating the impact of cash distribution on its customers is impossible. Let time tell!&nbsp; 
Also Read: <a href="https://coinpedia.org/news/bitcoin-major-sell-off-coming-as-mt-goxs-9-billion-repayment-begins-today/" target="_blank" rel="noreferrer noopener">Mt.Gox’s $9 Billion Repayment Begins Today! How Will the Crypto Market React?</a> 
Stay tuned to Coinpedia for more updates on this!&nbsp;&nbsp;

FTX Set to Distribute $16 Billion: What It Means for Crypto Investors

목차

CoinPedia News

2024년 7월 3일에 게재된 다른 기사

Is Now the Turning Point for Tesla’s 2024?

Federal Reserve Forecasts “AI Will Be Deflationary” To Boost Economy

MoonBag Presale Dominates as Being Best Meme Coin Presale: A Step Ahead of BlastUP and Sealana

Mengenal DASIA, Platform Pemasaran Digital Berbasis Teknologi AI dan Blockchain

Ethereum ETF Receives Approval and Awaits Trading Start Date

Crypto Industry Report from Investment Bank Architect Partners: ''Outperforming the Internet!'

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!