Dollar bills at the base of an FTX banner

FTX is Selling Off Crypto And Accumulating Cash

Amidst ongoing market turbulence, FTX appears to be playing it safe. The beleaguered crypto exchange is reportedly unloading digital assets and stockpiling cash, nearly doubling its reserves to $4.4 billion by the end of 2023. This aggressive cash grab raises questions about FTX’s long-term strategy and the future of the wider crypto market.

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