Dear members,
The Bincentive trading team has always adhered to the consistent risk control principle and allocates the funds across the world's top exchanges. Our relative value strategies include cross-exchange and inter-exchange arbitrage, market-making strategies and lending strategies.
Before the FTX liquidity crisis, we have gradually reduced the capital position in FTX, settled and suspended the operation of related FTX strategies according to the early market information, so as to control the risk. The team strictly operates on a professional and responsible principle.
NONE of Bincentive's operations are affected. Functions including depositing and withdrawal of all products are ALL AVAILABLE AS USUAL.
Bincentive always pays full attention to the latest market situation to avoid the possible systematic risks and transaction exposures. We are dedicated to steadily bringing stable interests to all users with our products.
Thank you for your long-term support.
Bincentive Inc.
(2022.11.14 Edit: Typo)