FTX's U.S. business is in trouble

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FTX US is separate from FTX, but its fate is likely to be equal.

What to know:

It has its own staff of around 75 employees, and raised its own $400 million venture capital round earlier this year at an $8 billion valuation. It also has its own regulatory licenses. FTX US primarily serves institutional customers. It has done an enormous amount of retail marketing, including

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