FTX Prepares $16 Billion Payout to Customers
In the next few months, FTX will distribute $16 billion in cash to its customers. However, most FTX users are crypto natives. A large percentage of the money they receive is likely to flow back into crypto
The DeFi Investor pointed out the bullish catalyst that many have overlooked. According to the tweet, this injection of liquidity could lead to significant buying pressure in the crypto markets.
"In the next few months, FTX will distribute $16 billion in cash to its customers. However, most FTX users are crypto natives. A large percentage of the money they receive is likely to flow back into crypto. The potential buying pressure is enormous."
Several experts have commented on the potential market implications of this payment. Farhad F., CMO at Enflux, noted that this payment could coincide with a broader market bull run.
"FTX will distribute $16 billion in cash to its customers in the next few months. Assuming most of them were crypto natives, this is a fairly strong boost in liquidity. Maybe not all $16 billion, but definitely a good percentage of it will be looped back into crypto. The earliest December, the latest Q1 2025, which both coincide with a loading bullrun."
