What type of platform was FTX known for
Subject : History
Question:
What type of platform was FTX known for?
A) A social media site
B) A cryptocurrency exchange
C) A stock trading platform
D) An online education site
Expert Verified Solution:
FTX was known for being B) a cryptocurrency exchange.
Explanation:
Cryptocurrency Exchange: FTX was a prominent cryptocurrency exchange platform where users could trade various digital assets and cryptocurrencies. It facilitated the buying, selling, and trading of cryptocurrencies and offered a range of financial products related to digital assets.
Social Media Site: FTX was not a social media platform; it focused on cryptocurrency trading.
Stock Trading Platform: While FTX dealt with digital assets, it was not a stock trading platform.
Online Education Site: FTX was not related to online education; its focus was on cryptocurrency and financial services.
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