Viewpoint: FTX's repayment can be seen as a positive signal for the recovery of the cryptocurrency industry
ChainCatcher news, according to Cointelegraph, FTX Digital Markets, the Bahamian subsidiary of the collapsed cryptocurrency exchange FTX, will repay debts to the first batch of creditors on February 18, bringing approximately $1.2 billion in funds.
Alvin Kan, Chief Operating Officer of Bitget Wallet, stated that FTX's repayment is seen as a positive signal for the recovery of the cryptocurrency industry. He believes that a significant portion of the $1.2 billion repayment may be reinvested into cryptocurrencies, potentially affecting market liquidity and prices.
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