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The FTX Collapse, Explained - WSJ What Went WrongFTX Exchange was a leading centralized cryptocurrency exchange specializing in spot markets, derivatives, options, volatility, and leveraged products. According to a report, the embattled FTX exchange had launched a USD deposit product, offering an 8% interest rate. Increased scrutiny drives institutional players to look for enhanced due diligence and reevaluate counterparties and risk.
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