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What happened at FTX | Learn English phrasal verb 'pay up'
Plain English
How to Bet on Futures Exchanges
FTX International was a futures exchange where people could bet on cryptocurrencies going up and down. If you start to lose too much, the exchange asks you for more collateral. Collateral can be money, stocks, bonds, other currencies like that. This is a complicated and risky business to say the least.
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