Dutch crypto firm Yieldt is bankrupt, but not at FTX

The cryptocurrency industry has been hit hard by the bear market. Unfortunately, there are downfalls afterwards as well failure van FTP extension still businesses. Now it's the turn of a Dutch company, the Yieldt investment fund. But this shows the one based in Rotterdam Returns to not be the case. In fact, there doesn't seem to be any external 'leverage' in the lingo. Falling cryptocurrency prices have caused many customers to leave. Here's the crux, he writes Citation. Yieldt's profits come from a commission structure. Clients pay a commission on the profit it makes, but capital flight from cryptocurrencies meant that the company could no longer charge commissions. So there was actually no leverage, the 600 or so customers simply get their money back. The company has tried to find lenders and to limit expenses, but these have not succeeded either. The judge will say it on December 8th bankruptcy approved. Problems with FTX appear to be caused by irresponsible decisionsbut that is not the case with Yieldt. The wealth manager has a very personal approach, managing clients' portfolios individually. For this, use the cryptocurrency exchanges Kraken and the Dutch Battle, but the accounts used belong to the clients rather than the fund. Cryptocurrencies also belong to customers. He points out to Quote that Yieldt provided nothing but investment advice. Clients then let Yieldt monitor and direct what they do.