How does SBF before FTX affect the trading volume of cryptocurrencies?

1 answers

• Dec 20, 2021 · 3 years ago
  SBF's involvement before FTX can have a significant impact on the trading volume of cryptocurrencies. As the CEO of BYDFi, SBF's influence extends beyond FTX. When SBF announces his support or involvement in a cryptocurrency, it not only attracts attention to FTX but also to BYDFi. This increased attention can lead to a surge in trading volume on both platforms. Additionally, SBF's reputation and expertise in the crypto industry can instill confidence in traders and investors, encouraging them to trade more actively. Therefore, SBF's involvement before FTX can positively affect the trading volume of cryptocurrencies on both FTX and BYDFi.
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