Where did the money go after trading on FTX?

3 answers

• Dec 28, 2021 · 3 years ago
  When you trade on FTX, the money you use to buy or sell cryptocurrencies goes to the FTX exchange. FTX acts as an intermediary, holding the funds until the trade is completed. Once the trade is executed, the money is transferred to the seller if it was a sell order, or to the buyer if it was a buy order. FTX ensures the security of the funds and provides a transparent and efficient trading environment for its users.
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• Dec 28, 2021 · 3 years ago
  After trading on FTX, the money goes into the FTX exchange's order book. The order book is a record of all the buy and sell orders placed by traders. When a trade is executed, the money is transferred from the buyer's account to the seller's account. FTX charges a small fee for each trade, which helps cover the costs of running the exchange and providing services to traders.
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• Dec 28, 2021 · 3 years ago
  After trading on FTX, the money goes to the FTX exchange's liquidity pool. FTX has a pool of funds that it uses to facilitate trades on its platform. When you place a trade, FTX matches your order with another trader's order from the pool. The money is then transferred between the two traders' accounts. FTX also offers margin trading, where traders can borrow funds from the pool to leverage their trades. This allows traders to potentially earn higher profits, but also carries higher risks.
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