FTX Japan disclosed asset data, indicating that its held assets can fully cover user assets

2022-11-14 10:55:49

Collection

ChainCatcher news, FTX's Japanese cryptocurrency derivatives trading platform FTX Japan disclosed the management of customer assets on its official website. All 14 supported cryptocurrencies are stored in the company's cold wallet, and the balance of cryptocurrencies in the cold wallet is greater than the funds deposited by customers on the platform.

In addition, the company's balances in yen and dollars exceed the assets deposited by customers, with a balance of approximately 278 million yen (about 2 million dollars). FTX Japan also announced its own asset status, stating that the company's net assets are approximately 10 billion yen (as of September 2022, about 71.86 million dollars), with cash and deposits of about 19.6 billion yen (as of November 10, 2022, about 14.1 million dollars).

Previously, on November 11, FTX's Japanese cryptocurrency derivatives trading platform FTX Japan announced that it had resumed yen withdrawal services. The Japanese Financial Services Agency had previously ordered FTX Japan to suspend operations, with regulators hoping that FTX Japan would immediately cease cryptocurrency trading activities and stop accepting new customers by December 9, 2022. (source link)

Related tags

FTX asset data

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.