according to Cointelegraph, FTX Digital Markets is a subsidiary of the bankrupt cryptocurrency exchange FTX in the Bahamas. The company will repay its debts to the first batch of creditors on February 18, bringing in approximately $1.2 billion in funds. Alvin Kan, Chief Operating Officer of BitgetWallet, stated that the repayment by FTX is seen as a positive signal for the recovery of the cryptocurrency industry. He believes that a large portion of the $1.2 billion repayment may be reinvested in cryptocurrencies, potentially impacting market liquidity and prices.
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Opinion: FTX repayment can be seen as a positive sign of crypto industry recovery
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