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The largest of those GGC creditors is Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss. “Why should the FTX bankruptcy, or FTX as a potential creditor of Genesis, be more important than any other?” he asks.

Marc Powers, adjunct professor of law at Florida International University, who acted as counsel in the liquidation of Bernie Madoff’s infamous Ponzi scheme, says that the exchange is attempting to “jump ahead of the other creditors” in the GGC bankruptcy. Legal experts, though, say they’re skeptical of FTX’s chances. FTX claims each of these transactions should be reversed. The suit alleges that Alameda paid GGC $1.8 billion in loan repayments and $270 million in collateral pledges, and that the lender-and non-bankrupt affiliate GGC International Limited-withdrew $1.8 billion from FTX’s trading platform, all in the 90 days before the exchange filed for bankruptcy. The most significant decision taken by the exchange so far would be acquiring a Japanese exchange called Liquid.Now, GGC has to fend off FTX’s clawback claim too. By the end of last March, the exchange had listed Arbitrium perpetual futures for trading. Moreover, crypto experts and enthusiasts unanimously agree about the potential positive growth of the network in the years to come.įTX CEO Sam Bankman-Fried has also taken several other strategic moves to accelerate it closer to its competitors in the last few weeks. The community-run network got attention recently for its positive impact rewards. Launched a Layer-2 Optimistic Rollup network for Ethereum Optimism can address cost and latency issues without compromising the security. As per the impressive fee chart on FTX, the maker rebates may go as low as -0.0030%, and investors need only 25 FTT to waive off the make fees.įTX’s decision to list Optimism has to do with its visions for the future. On the FTX exchange, the fee is always charged in USD. However, the number may change based on how large your position is in the market. The exchange also instituted a backstop liquidity program to help accounts on the verge of bankruptcy.Īnother significant aspect of trading OP-PERP on FTX is that investors can get up to 20x leverage. With the OP-PERP, the exchange strides a bit closer to competing with the likes of Binance in the crypto trading environment.įutures trading on FTX has carefully calculated margin calls making it easier to avoid large price shifts. In addition to the current perpetual futures offered on BTC, RTH, SRM, FTT, and others, FTX has now added support to Optimism.

A perpetual does not carry an expiration date allowing investors to hold it for as long as possible.

Perpetual contracts are unique and substantially different from the traditional futures available. FTX has now joined the race with new listings and a comprehensive portfolio.Īs a part of providing a comprehensive portfolio, FTX has included new perpetual contracts from potential projects from around the crypto ecosystem.

Binance and have established a global network to boost their business and stay at the forefront of the market. The giant growth of DeFi, particularly in the last couple of years, has also fueled the competition among crypto exchanges. The new inclusion might bring the exchange closer to its dream of market domination. Investors can access Optimism futures from FTX for the best rates possible. Optimism begins the new month with a new listing on the FTX exchange.