closed loop possible in crypto?

Maybe thru Coinbase? Tho likely assets exchange to cash for each use.

https://www.coinbase.com/card

upload_2021-10-31_17-30-39.png
 
I opened an FTX account last week and should have the inst-account opened tomorrow for netting, but legging into anything is going to be more trouble than it's worth. They need a spread/combo ticket like now.
 
destriero said:
I opened an FTX account last week and should have the inst-account opened tomorrow for netting, but legging into anything is going to be more trouble than it's worth. They need a spread/combo ticket like now.
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Is it FTX.us or FTX.com? .com may have better product offerings

I think US Wall Street hedge funds are able to trade at FTX.com but US retail cannot. I have an account with .com using VPN but the withdrawal limit is $2K per day which is more than enough for me except it prevents me from depositing too much into the platform since I can be locked out at any time

I like their perp futures, opened one for btc, 10x leverage, but picked wrong direction, lol, so got liquidated, but was calculating the returns if I had picked the other way, it would have been very nice. I only risked $700, depositing USDT
 
Cuddles said:
Maybe thru Coinbase? Tho likely assets exchange to cash for each use.
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I have a Coinbase and PayPal account with a MC debit card

Using Coinbase instant transfer to PayPal, tested with a $25K (my daily Coinbase limit), it literally showed up in PayPal account in 1-2 seconds. I did this at night, could have been after midnight as I was in a casino at the time, withdrew $1000 from the ATM

If the debit card worked, the PayPal Mastercard should work for purchase and of course PayPal online purchase would also be not a problem
 
johnarb said:
Is it FTX.us or FTX.com? .com may have better product offerings

I think US Wall Street hedge funds are able to trade at FTX.com but US retail cannot. I have an account with .com using VPN but the withdrawal limit is $2K per day which is more than enough for me except it prevents me from depositing too much into the platform since I can be locked out at any time

I like their perp futures, opened one for btc, 10x leverage, but picked wrong direction, lol, so got liquidated, but was calculating the returns if I had picked the other way, it would have been very nice. I only risked $700, depositing USDT
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US. I assume with inst-account I can use .com, but haven't looked into it. My issue is spread(ing) tickets. It's apparently in the offing but not on the platform yet. Deribit has very little liquidity.
 
destriero said:
US. I assume with inst-account I can use .com, but haven't looked into it.
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I believe so, too. I was invested in Celsius Network which is a lending/borrowing platform and they provide crypto loans to hundreds of institutions that trade in global crypto exchanges. BlockFi does the same thing

[Edit: the funding mechanism would not be traditional banking for these global exchanges, it would be cryptos i.e. BTC, ETH, USDT, USDC

Cryptos would be sourced through platforms like BlockFi or Celsius Network through an account that is fully collateralized through an agreement]

I know what you mean on deribit liquidity. FTX purchased Ledgerx which hopefully improves the btc options liquidity market in the future
 
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