Almost a year after one of the biggest crashes in cryptocurrency exchange history, the administrators in charge of what’s left of FTX may decide to reopen its doors and return to the crypto exchange market.
FTX Trading Ltd. is considering this option after receiving offers from a number of companies that would like to invest in the cause and take advantage of its customer base of 9 million users.ù
The crypto exchange has managed to recoup much of the $9 billion deficit owed to investors on the old platform and could now seize the opportunity to revive the business.
The final decision could come as early as December, with the centralised exchange ready to reopen as early as a few months into 2024.
In the meantime, the FTT currency has been positively impacted by the news and has attacked graphical resistance, with traders speculating on a possible return to usefulness for the exchange’s crypto asset.
See all the details below.
FTX crypto exchange considers restart
FTX, the cryptoc
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