Crypto trading firm GSR told employees that the firm has no exposure to Alameda Research and “manageable exposure” to FTX following the crypto exchange’s collapse.
“We remain financially sound and are very much looking at this as an opportunity for the medium to long term,” CEO Jakob Palmstierna said in an email to employees, which he shared on Twitter.
FTX a anunțat it was facing a liquidity crunch earlier this week and that it would be acquired by rival exchange Binance. The deal with Binance căzut între Wednesday. Earlier today, FTX CEO Sam Bankman-Fried said that the firm would look to wind down Alameda.
GSR’s exposure to FTX is limited to a single-digit percentage of the firm’s cash balance, he added. The firm will cover all client losses on FTX and will no longer trade on the crypto exchange Huobi, Palmstierna said.
Founded by former Goldman Sachs executives in 2013, GSR is one of the oldest market makers in crypto. GSR offers services from market making to over-the-counter trading and risk management services. The firm has also explored Crearea de piață NFT.
GSR recently laid off mai puțin de 10% of staff following a rapid expansion last year.
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Source: https://www.theblock.co/post/185315/crypto-trading-firm-gsr-will-cover-client-losses-from-ftx-collapse-will-no-longer-trade-on-huobi?utm_source=rss&utm_medium=rss