NEWS
Managing Risk in Crypto: Why has Optimus Global Market been able to manage risk so effectively when others have struggled?
- First, Optimus Global Market has strict risk management and oversight policies for both lending and DeFi. Losses in lending are inevitable. Every lender suffers losses. The key is to practice sound risk management to minimize the impact of losses while maintaining a reasonable level of profitability. We are always prepared to answer questions about our borrowers and why they are viable borrowers. I have always believed this level of transparency is essential to be successful for our customers.
- Second, this insolvency event at FTX along with Voyager, Celsius and the issues at BlockFi appear to stem from risky business practices, in some cases fraud. For FTX, specifically, it includes conflicts of interest between deeply intertwined entities accompanied by the potential misuse of customer funds.
Optimus Global Market Trade always maintains 100% reserves and customers can deposit and withdraw funds from Optimus Global Market Trade anytime, meaning 24×7 for crypto withdrawals and anytime during normal bank hours for bank withdrawals. Optimus Global Market Boost in the U.S. is currently only available to accredited investors.
Team Optimus Global Market: Lastly, let me say that in over 30 years in business this has been one of the most challenging business environments one could ever face. The fact that the Optimus Global Market team has weathered this environment so well is a true testament to the quality of our people, focus, grit and determination. We’re here with you for the long term for all your digital asset needs.
You can read more about our approach to transparency and risk management here.
Warm Regards,,