Genesis reports losses of around $7 million after hedging against market volatility

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Crypto trading and lending firm Genesis Trading reported losses of around $7 million 'across all counterparties' after it hedged and sold collateral on Tuesday ahead of anticipated market volatility in the wake of a liquidity crunch at FTX.

Crypto exchange Bitmex, which says it has no FTX or Alameda exposure, plans to launch a native crypto token for traders on Friday, regardless of market volatility amid the

collapse of Sam Bankman-Fried’s empire. “We’re sticking to our program,” Salama Belghali, Bitmex’s global head of business development and partnerships said at a conference. “The new […]

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nice you scammers

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in BUSİNESS

Business Business Latest News, Business Business Headlines