A significant portion of FTX repayments will likely be reinvested into cryptocurrencies, thanks to the promising growth prospect of the crypto market for 2025, industry insiders told Cointelegraph.
FTX is preparing to distribute more than $1.2 billion in repayments to the users of the bankrupt former cryptocurrency exchange.
FTX, once the world’s second-largest centralized cryptocurrency exchange (CEX), is set to begin repaying defunct users who have been unable to access their funds for over two years.
Users of the exchange who are owed up to $50,000 worth of digital assets have until Jan. 20 to fulfill their repayment requirements.
