🎴 When you suddenly can’t find anyone to trade your “Magic: The Gathering” cards with…
FTX’s implosion left a monster hole in the crypto market. Traders and market makers saw their funds tangled up in bankruptcy, or — as prosecutors plan to argue in the Sam Bankman-Fried trial — embezzled and lost. Practically overnight, crypto became way less liquid (read: potentially more volatile) as big players nursed losses. That liquidity drop, dubbed the “Alameda Gap” after SBF’s crypto-trading biz Alameda Research, still persists nearly a year after FTX’s collapse.
Latest Stories
Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.