FTT 24h volume is ~$100M according to coinmarketcap.com Alameda hold $5.8B FTT a... | Hacker News

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shorthistory on Nov 4, 2022 | parent | context | favorite | on: Crypto trading firm Alameda Research might be inso...

FTT 24h volume is ~$100M according to coinmarketcap.com

Alameda hold $5.8B FTT according to the article.

Any market makers able to advise how much is normally held relative to daily volume/mean transaction size?

JumpCrisscross on Nov 4, 2022 [–]

This looks more like a dealer book than a classic MM. If they’re long $5.8bn and short $5.79bn, their net position is fine. That said, they’d be carrying major counterparty risk.

shorthistory on Nov 4, 2022 | [–]

1. They are understood to be classic MM [source?]

2. Balance sheet shows they are not classic MM

3. Counterparty is FTX

4. ...

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