M
Question
  • Facebook
  • Twitter
  • Image
    •

    • Your submission is now a Draft.

    Once it's ready, please submit your draft for review by our team of Community Moderators. Thank you!

    You have been invited to co-author this question.

    When it is ready, the author will submit it for review by Community Moderators. Thanks for helping!

    Pending

    This question now needs to be reviewed by Community Moderators.

    We have high standards for question quality. We also favor questions on our core topic areas or that we otherwise judge valuable. We may not publish questions that are not a good fit.

    If your question has not received attention within a week, or is otherwise pressing, you may request review by tagging @moderators in a comment.

    You have been invited to co-author this question.

    It now needs to be approved by Community Moderators. Thanks for helping!

    {{qctrl.question.title}}

    {{qctrl.question.predictionCount() | abbrNumber}} predictions
    {{"myPredictionLabel" | translate}}:  
    {{ qctrl.question.resolutionString() }}
    {{qctrl.question.predictionCount() | abbrNumber}} predictions
    My score: {{qctrl.question.player_log_score | logScorePrecision}}
    Created by: yagudin and
    co-authors , {{coauthor.username}}

    Make a Prediction

    Prediction

    FTX is a cryptocurrency derivatives exchange platform. FTX offers products including derivatives, options, volatility products, and leveraged tokens. Note that the question concerns FTX and not FTX.US.

    Counterparty risk is a risk that a counterparty will not pay as obligated by a bond, derivative, insurance policy, or other contracts.

    In the cryptocurrency sphere, counterparty risk is discussed in relation to

    • Centralized exchanges. They control users' private keys and may get hacked, lose users’ assets, or face other issues that would lead to the exchange defaulting on their obligations to users.
    • DeFi applications relying on the use of oracles (e.g. stablecoins and decentralized betting protocols). These oracles, which let the blockchain know about the BTC/USD exchange rate or the outcome of the US presidential election, could be hacked or corrupted.
    Categories:
    Finance — Cryptocurrencies
    Crypto Counterparty Risk
    Finance – markets
    on {{qctrl.question.created_time | dateStr}}