FTX offers leveraged products so they are borrowing assets from *somewhere* to f... | Hacker News

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octodog on Nov 8, 2022 | parent | context | favorite | on: Binance to acquire FTX

FTX offers leveraged products so they are borrowing assets from somewhere to fund these trades.

mianos on Nov 8, 2022 [–]

This is only true for covered leverage with physical delivery. If you match a buyer and a seller, they can agree to settle in fiat.

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