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Under this plan, FTX initially had permission to sell tokens worth up to $100 million per week. However, there was an option to raise this limit to $200 million for individual tokens. The purpose of these limits was to minimize the impact of token sales while ensuring FTX could satisfy its creditors. ETMarkets Crypto Q&A What is decentralized finance (Defi)? The consequences of FTX's rapid decline and collapse likely will affect cryptocurrencies well into the future and could drag down broader markets. Instead, with FTX, a crypto-native firm is moving into traditional finance.It isn’t the first time: FTX took a stake in IEX Group, the operator of a U.S.-regulated equities exchange, last month. FTX offered futures pairs with margins My website up to 101x to long or short leading cryptocurrencies, allowing traders to take advantage of comparatively small price movements.