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The US-based branch of Sam Bankman-Fried’s crypto empire, FTX.US, just announced that it may imminently implement a freeze on trading.
A new note on the company’s website says investors looking to close positions and move their crypto out of the exchange are currently able to do so.
“Trading may be halted on FTX US in a few days. Please close down any positions you want to close down. Withdrawals are and will remain open. We will give updates as we have them.”
FTX.US is designed to be subject to US regulations.
It offers a different set of crypto assets and trading options compared to the embattled Bahamas-based exchange, FTX.com.
The former president of FTX.US, Brett Harrison, stepped down in September.
As of November 1st, FTX.US was the world’s eighth-largest crypto exchange by volume according to data from CoinGecko.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/sdecoret/Vladimir Sazonov
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