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8/ To take the US as an example, 95%+ of crypto trading has developed overseas because crypto regulation in the US has been hard to navigate. That’s bad for the US and Americans are still losing money in these overseas blowups.
— Brian Armstrong (@brian_armstrong) November 8, 2022
With regard to today’s market events, we have managed our lending book and have no material net credit exposure. In addition, Genesis has no exposure to any tokens issued by centralized exchanges. We continue to meet the needs of our clients around the world across all products.
— Genesis (@GenesisTrading) November 8, 2022
— Sid Powell (🥩 🥞) (@syrupsid) November 9, 2022
— Paolo Ardoino 🍐 (@paoloardoino) November 9, 2022
2/ Circle has no material exposure to FTX and Alameda. FTX has been a customer of Circle Payment APIs for the past 18 months, providing card and ACH services for customer transactions. Circle's crypto payments beta product uses FTX and other exchanges, for BTC/ETH liquidity.
— Jeremy Allaire (@jerallaire) November 9, 2022