FTX Allowed to Sell Cryptos
Sep, 2023

FTX Allowed to Sell Cryptos

FTX, the 2nd largest crypto exchange until last year, got bankrupt and the crypto world got crazy. After long waiting, a solution could be evident in the end of the tunnel.


An US court issued a decision, according to it FTX can now sell crypto assets and tokens in order to pay out its creditors and clients.


The initial offering will be around $100 million in cryptos assets at weekly basis and in top priority will be based on hedging and staking accounts, mostly in Bitcoin and Ethereum.


This move is not expected to make the markets crash as the current flowing capitals in the market are multiples. There is still danger for large ups and downs in the prices when the markets are going live.


At this moment, FTX owns around $3.5 billion in cryptos ($1.1 billion in Solana, $560 million in Bitcoin and $192 million in Ethereum, the largest deposits) and they will start to fall in the market………..


Our company, BCASH™, is a licensed Greek company by the Hellenic Capital Market Commission (exchange license) and manufactures/operates cryptocurrency ATMs throughout Greece. One of the locations is at Nikiti, Chalkidiki, while you can find all the locations where our ATMs are placed at https://bcash.eu/en/locations


Almost all of the spaces are private and autonomous with high-security standards. Most of the locations offer free wireless internet connection.


At BCASH™ ATMs, you can buy and sell cryptocurrencies at the best market rate, such as Bitcoin | Ethereum | USDT | Litecoin | Dash | XRP | XLM.


If you have any questions, you can contact our customer support service at +30 6987812000 & +30 6998499499 (Viber, Whatsapp, Telegram supported).