Loss of Confidence in FTX Crash Moves Companies: Reliability Relieves Balances!

US-based stock exchange and clearing house Cboe Digital, FTX Issued a message today to reassure its clients of asset security as problems with liquidity crunch escalate.

After FTX Incident, Cboe Digital Reassures Customers of Asset Protections

“To protect member funds and assets, Cboe Digital is obligated to completely separate client assets from our own assets in a specially designated account at a bank, for the benefit of our members and separate from Cboe Digital’s operating funds,” wrote John Palmer, President of Cboe Digital.

He also added that the company has “strict policies” to ensure customers’ funds are safe.

Palmer said these actions were taken by the U.S. Commodity Futures Trading Commission, which regulates Cboe Digital’s exchange and clearing business. (CFTC) stated that it was deemed necessary.

In the said statement, it was stated that Cboe Digital acts as a central counterparty enabling buyers and sellers to trade with each other.

Cboe Digital has recently taken a new name from ErisX, the spot and derivatives exchange that Cboe Global Markets says it will first acquire in October 2021. Cboe Global Markets announced in August that ErisX would be renamed Cboe Digital.

Also, among the possibilities Robinhood, Jump Crypto, Jane Street and interactive brokersHe said he is in talks with a number of potential equity partners, including .

One of the leading exchanges in the crypto industry Binance and FTX Crypto companies continue to make statements to reassure their worried customers.

*Not investment advice.