Why FTX's Token Sale Is A Non-Issue For Crypto Stability: Coinbase Explains
The crypto market is expected to remain stable despite the sale of tokens by bankrupt exchange FTX (CRYPTO: FTT), as Coinbase Inc. (NASDAQ: COIN) reports protective measures capping initial sales at $50 million per week, increasing to $100 million in subsequent weeks. Any decision to permanently raise this cap to $200 million weekly would require the green light from committees representing FTX's debtors.