How The FTX Collapse Spiked Fees On Popular Bitcoin Exchanges

[Google News Bot]

The collapse of an industry titan exposes how various bitcoin brokerages could experience massive differences in the cost of bitcoin.This is an opinion editorial by Michael Chapiro, a materials engineer, an aerospace and defense executive and founder of Caliber.On Wednesday, November 9, in the aftermath of the collapse of FTX, reports began emerging on Twitter of prices for buying bitcoin being quoted and subsequently executed for about $1,000 dollars above the spot market price on Swan and Strike, while the bitcoin price traded primarily in the $16-18k range, a small drop on the order of 10-2 ...

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