What are the sources of USD on FTX?

3 answers

• Dec 29, 2021 · 3 years ago
  On FTX, USD can be sourced from various places. One of the main sources is through deposits made by users who convert their fiat currency into USD on the platform. These deposits are then used for trading and other activities on FTX. Additionally, FTX may also partner with financial institutions to provide liquidity in USD. This helps to ensure that there is a sufficient supply of USD on the platform for users to trade with. Overall, FTX strives to provide a reliable and secure source of USD for its users.
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• Dec 29, 2021 · 3 years ago
  USD on FTX primarily comes from user deposits. When users deposit fiat currency into their FTX accounts, they have the option to convert it into USD. This allows them to trade with USD pairs on the platform. FTX also maintains partnerships with banks and other financial institutions to ensure a steady supply of USD liquidity. This helps to facilitate smooth trading and ensures that users have access to USD when they need it. So, if you're looking to trade with USD on FTX, you can easily deposit your fiat currency and convert it into USD.
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• Dec 29, 2021 · 3 years ago
  FTX, as a cryptocurrency exchange, does not directly provide USD. Instead, FTX offers trading pairs with USD as the base currency. This means that users can trade cryptocurrencies against USD on the platform. The USD used in these trading pairs is sourced from user deposits and liquidity providers. FTX works with various liquidity providers to ensure a consistent supply of USD for trading. This allows users to easily buy and sell cryptocurrencies with USD on FTX. So, if you're looking to trade with USD on FTX, you can do so by using the USD trading pairs available on the platform.
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