This announcement comes from MOSDEX, the most advanced cryptocurrency arbitrage platform. Due to the events surrounding FTX due to liquidity constraints, the Mosdex platform will suspend trading support for FTX on November 9th, 2022 at 04:30. FTX is no longer in line with our risk rating and as such trading support remains suspended until further notice. For more information read below:
FTX Exchange Arbitrage Bot Temporary Suspension Notice.
Considering the liquidity issues, speculation and volatility issues associated with FTX, it no longer passes MOSDEX’s risk and safety rating test.
The exact time for the arbitrage trading pause is: 2022-11-09 04:30 (UTC)
When will arbitrage trading resume for FTX?
With adequate cash market safety in place and liquidity issues resolved, a further risk assessment will be conducted and if the exchange passes, trading can resume. MOSDEX reserves the right to update the risk rating of FTX at any time through the exchange rating process.
Note: Users are responsible and must understand the exchange risk assessment and the risks associated with trading cryptocurrencies and digital assets. MOSDEX is not responsible for any user losses caused by abnormal transactions or unforeseen situations related to the digital assets/exchanges. We will continue to monitor all digital assets and exchanges that use the Mosdex Arbitrage platform for arbitrage and take timely and appropriate measures to protect the platform and users’ assets.
According to the official MOSDEX channel "MOSDEX has temporarily suspended arbitrage trading on FTX."
FTX, a major virtual asset (cryptocurrency) exchange, suffered a liquidity crisis, bringing the entire coin market to a halt. FTT tokens issued by FTX plunged more than 75% in one day, causing most top coins by market cap to plunge around 10%. At the time of writing this press release, FTX has stopped withdrawing funds and is negotiating…
