FTX‘s cryptocurrency assets Bitcoin and altcoinWhile increasing the risks on currencies, investors are feeling uneasy about a possible sales pressure.
The potential for FTX to sell its holdings to pay off its debt to investors has spurred some market makers into action.
Cryptocurrency Located in the markets as one of the market makers Andrei Grachev, President of DWF Labs In his post on his social media account, he said that DWF Labs is considering purchasing FTX’s assets in the over-the-counter market.
“DWF Labs is considering purchasing FTX assets to provide the best execution price to creditors and reduce the risk of massive aggressive selling pressure that could send the market back to capitalization in 2020.”
@DWFLabs is considering to purchase FTX assets in order to provide creditors the best execution price and mitigate a risk of a huge aggressive selling pressure that could send the market back to 2020’s capitalization
— Andrei Grachev (@ag_dwf) September 13, 2023
According to the information on its website, DWF Labs serves as a market maker for hundreds of cryptocurrency pairs on more than 60 cryptocurrency exchanges.
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