{"id":805,"date":"2026-02-09T19:22:00","date_gmt":"2026-02-09T11:22:00","guid":{"rendered":"https:\/\/www.shoppingguid.com\/?p=805"},"modified":"2026-02-09T19:22:00","modified_gmt":"2026-02-09T11:22:00","slug":"ftx%e4%bd%99%e6%b3%a2%e8%94%93%e5%bb%b6%e8%87%b3%e7%be%8e%e8%82%a1%ef%bc%9a%e5%8a%a0%e5%af%86%e7%ac%ac%e4%b8%80%e8%82%a1coinbase%e8%82%a1%e4%bb%b7%e6%9a%b4%e8%b7%8c%e5%88%9b%e6%96%b0","status":"publish","type":"post","link":"https:\/\/www.jiankangguanli1.com\/?p=805","title":{"rendered":"FTX\u4f59\u6ce2\u8513\u5ef6\u81f3\u7f8e\u80a1\uff1a\u201c\u52a0\u5bc6\u7b2c\u4e00\u80a1\u201dCoinbase\u80a1\u4ef7\u66b4\u8dcc\u521b\u65b0\u4f4e"},"content":{"rendered":"

FTX \u7834\u4ea7\u7684\u51b2\u51fb\u6ce2\u4ecd\u5728\u8086\u8650\uff0c\u5728Genesis\u6682\u505c\u63d0\u6b3e\u3001GBTC\u8d1f\u6ea2\u4ef7\u6301\u7eed\u6269\u5927\u7684\u60c5\u51b5\u4e0b\uff0c\u52a0\u5bc6\u793e\u533a\u5bf9Genesis\u53ca\u5176\u6bcd\u516c\u53f8 Digital Currency Group (DCG) \u900f\u660e\u6027\u7684\u8d28\u7591\u4e5f\u6108\u6f14\u6108\u70c8\uff0c\u52a0\u5bc6\u884c\u4e1a\u6b63\u5728\u9762\u4e34\u4e25\u91cd\u7684\u4fe1\u4efb\u5371\u673a\u3002<\/p>\n

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\n
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\u6bd4\u63a8\u6b64\u524d\u62a5\u9053\uff0cCoinbase \u4e8e 2021 \u5e74 4 \u6708\u901a\u8fc7\u76f4\u63a5\u4e0a\u5e02\u65b9\u5f0f\u9ad8\u8c03\u4e0a\u5e02\uff0c\u5e76\u5728\u9996\u65e5\u4ea4\u6613\u7ed3\u675f\u65f6\u6210\u4e3a\u7f8e\u56fd\u5e02\u503c\u6700\u9ad8\u7684\u4ea4\u6613\u6240\u3002<\/p>\n

\u5468\u4e00\u7684\u8d70\u52bf\u5ef6\u7eed\u4e86 Coinbase \u80a1\u7968\u7684\u8270\u96be\u4e00\u5e74\uff0c\u8be5\u80a1\u5728\u8fc7\u53bb\u4e00\u5e74\u4e0b\u8dcc\u4e86 87.6%\uff0c\u76f8\u6bd4\u4e4b\u4e0b\u6807\u51c6\u666e\u5c14 500 \u6307\u6570\u4ec5\u4e0b\u8dcc\u4e86 15.6%\u3002<\/p>\n

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Coinbase \u53d1\u884c\u7684\u503a\u5238\u4e5f\u5728 11 \u6708\u4e0b\u8dcc\uff0c\u6839\u636e\u6570\u636e\u516c\u53f8 Finra-Morningstar \u7684\u6570\u636e\uff0cCoinbase 2031 \u5e74\u5230\u671f\u7684\u503a\u5238\u672c\u6708\u5df2\u4e0b\u8dcc 15%\uff0c\u6536\u76ca\u7387\uff08\u4e0e\u4ef7\u683c\u8d70\u52bf\u76f8\u53cd\uff09\u5347\u81f3 13.5% \u7684\u5386\u53f2\u65b0\u9ad8\uff0c\u8be5\u516c\u53f8 2026 \u5e74\u5230\u671f\u7684\u503a\u5238\u6536\u76ca\u7387\u8dc3\u5347\u81f3 17%\u3002<\/p>\n

\n
\"FTX\u4f59\u6ce2\u8513\u5ef6\u81f3\u7f8e\u80a1\uff1a\u201c\u52a0\u5bc6\u7b2c\u4e00\u80a1\u201dCoinbase\u80a1\u4ef7\u66b4\u8dcc\u521b\u65b0\u4f4e\u63d2\u56fe2\"\"FTX\u4f59\u6ce2\u8513\u5ef6\u81f3\u7f8e\u80a1\uff1a\u201c\u52a0\u5bc6\u7b2c\u4e00\u80a1\u201dCoinbase\u80a1\u4ef7\u66b4\u8dcc\u521b\u65b0\u4f4e\u63d2\u56fe3\"<\/figure>\n<\/div>\n

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\u52a0\u5bc6\u4ea4\u6613\u516c\u53f8\u548c\u6d41\u52a8\u6027\u63d0\u4f9b\u5546 GSR \u8054\u5408\u521b\u59cb\u4eba Rich Rosenblum \u8bc4\u8bba\u79f0\uff0c\u503a\u5238\u6536\u76ca\u7387\u7684\u4e0a\u5347\u4ee3\u8868\u4fe1\u7528\u98ce\u9669\u589e\u52a0\uff1a\u201c\u7279\u522b\u662f\u5bf9\u4e8e Coinbase\uff0c\u6709\u4e00\u79cd\u8bf4\u6cd5\u8ba4\u4e3a\u5b83\u53d7\u76ca\u4e8e FTX \u7684\u7834\u4ea7\uff0c\u5c06\u5de9\u56fa\u4ed6\u4eec\u5728\u7f8e\u56fd\u7684\u5730\u4f4d\uff0c\u8fd9\u79cd\u8bf4\u6cd5\u5728\u5fae\u89c2\u5c42\u9762\u4e0a\u6b63\u5728\u8bc1\u5b9e\uff0c\u800c\u52a0\u5bc6\u4fe1\u8d37\u73af\u5883\u5df2\u7ecf\u6076\u5316\u201d\u3002<\/p>\n

\u201c\u5185\u5916\u4ea4\u56f0\u201d<\/h4>\n

Coinbase \u8fd8\u8981\u5e94\u5bf9FTX \u5185\u7206\u5e26\u6765\u7684\u8d1f\u9762\u5173\u6ce8\uff0cFTX \u5728\u6682\u505c\u5ba2\u6237\u63d0\u6b3e\u540e\u4e8e\u672c\u6708\u65e9\u4e9b\u65f6\u5019\u7533\u8bf7\u7834\u4ea7\u3002<\/p>\n

\u6bd4\u63a8\u6b64\u524d\u62a5\u9053\uff0cCoinbase \u9996\u5e2d\u6267\u884c\u5b98 Brian Armstrong\u5728FTX\u7834\u4ea7\u540e\u53d1\u6587\u8868\u793a\uff0c\u4ed6\u7684\u516c\u53f8\u6ca1\u6709\u201c\u5bf9 FTX \u6709\u4efb\u4f55\u91cd\u5927\u655e\u53e3\u201d\uff0c\u4f46\u4ed6\u201c\u5bf9\u6240\u6709\u76f8\u5173\u4eba\u5458\u8868\u793a\u540c\u60c5\u201d\u3002<\/p>\n

Brian Armstrong\u8bf4\uff1a\u201c\u4efb\u4f55\u65f6\u5019\u6211\u4eec\u7684\u884c\u4e1a\u90fd\u6709\u53ef\u80fd\u5931\u53bb\u5ba2\u6237\uff0c\u8fd9\u8ba9\u4eba\u611f\u5230\u538b\u529b\u5f88\u5927\uff0c\u800c\u4e14\u7531\u4e8e FTX \u7684\u6323\u624e\uff0c\u5f88\u591a\u4eba\u90fd\u635f\u5931\u4e86\u5f88\u591a\u94b1\u3002\u201d<\/p>\n

FTX \u7684\u8fc5\u901f\u57ae\u53f0\u5f15\u53d1\u4e86\u6574\u4e2a\u884c\u4e1a\u7684\u629b\u552e\uff0c\u7528\u6237\u5bf9 Coinbase \u7b49\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u7684\u4fe1\u5fc3\u88ab\u5927\u5927\u6253\u51fb\u3002\u745e\u7a57\u5206\u6790\u5e08\u5468\u4e94\u5728\u4e00\u4efd\u62a5\u544a\u4e2d\u5199\u9053\uff0c\u8fd1\u671f\u52a0\u5bc6\u884c\u4e1a\u7684\u65e5\u4ea4\u6613\u91cf\u6bd4\u4eca\u5e74\u7684\u5e73\u5747\u6c34\u5e73\u4f4e 30% \u81f3 40%\u3002FTX \u7834\u4ea7\u540e\uff0c\u6570\u5341\u4ebf\u7f8e\u5143\u5df2\u4ece\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u6d41\u51fa\u3002<\/p>\n

\u5e02\u573a\u907f\u9669\u60c5\u7eea\u4e5f\u5c45\u9ad8\u4e0d\u4e0b\u3002\u6839\u636e CoinShares 11\u670821\u65e5\u53d1\u5e03\u7684\u62a5\u544a\uff0c\u8fc7\u53bb\u4e00\u5468\uff0c\u673a\u6784\u6295\u8d44\u8005\u60c5\u7eea\u201c\u6781\u5ea6\u8d1f\u9762\u201d \uff0c\u56e0\u4e3a\u7a7a\u5934\u4ea7\u54c1\u6d41\u5165\u91cf\u5360\u603b\u6d41\u5165\u91cf\u7684 75%\uff0c\u521b\u5386\u53f2\u65b0\u9ad8\u3002\u8be5\u62a5\u544a\u79f0\uff0c\u52a0\u5bc6\u6295\u8d44\u4ea7\u54c1\u7684AUM\uff08\u7ba1\u7406\u8d44\u4ea7\u89c4\u6a21\uff09\u89e6\u53ca 220 \u4ebf\u7f8e\u5143\u7684\u4e24\u5e74\u4f4e\u70b9\uff0c\u201c\u8868\u660e\u603b\u4f53\u60c5\u7eea\u5bf9\u8be5\u8d44\u4ea7\u7c7b\u522b\u975e\u5e38\u4e0d\u5229\u3002\u201d<\/p>\n

\u7f8e\u56fd\u94f6\u884c\u5468\u4e94\u4e0b\u8c03\u4e86 Coinbase \u7684\u8bc4\u7ea7\uff0c\u7406\u7531\u662f\u8be5\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u5e73\u53f0\u5b58\u5728\u201c\u4f20\u67d3\u98ce\u9669\u201d\uff0c\u5373\u4f7f\u5b83\u4e0d\u662f\u201c\u53e6\u4e00\u4e2a FTX\u201d\uff0c\u7f8e\u56fd\u94f6\u884c\u5206\u6790\u5e08 Jason Kupferberg \u5199\u9053\uff1a\u201c\u8fd9\u5e76\u4e0d\u80fd\u4f7f\u4ed6\u4eec\u514d\u53d7\u52a0\u5bc6\u751f\u6001\u7cfb\u7edf\u5185\u66f4\u5e7f\u6cdb\u7684\u5f71\u54cd\u201d\u3002<\/p>\n

Oppenheimer & Co. \u6267\u884c\u8463\u4e8b Owen Lau \u8bc4\u8bba\u9053\uff1a\u201cFTX \u5d29\u6e83\u540e\u7684\u4e8c\u9636\u6216\u4e09\u9636\u4f20\u67d3\u6548\u5e94\u7ee7\u7eed\u5b58\u5728\u3002\u5f88\u96be\u9884\u6d4b\u80a1\u7968\u7684\u6bcf\u65e5\u8d70\u52bf\uff0c\u4f46\u4f20\u67d3\u98ce\u9669\u53ef\u80fd\u4f1a\u5728\u77ed\u671f\u5185\u589e\u52a0 COIN \u7684\u538b\u529b\u3002\u201d<\/p>\n

\u4e0a\u5468\uff0c\u9ad8\u76db\u7ef4\u6301\u5bf9 Coinbase \u80a1\u7968\u7684\u5356\u51fa\u8bc4\u7ea7\uff0c\u5e76\u5c06\u5176 12 \u4e2a\u6708\u76ee\u6807\u4ef7\u4ece 49 \u7f8e\u5143\u4e0b\u8c03\u81f3 41 \u7f8e\u5143\uff0c\u79f0\u4e00\u65e6 FTX \u5f15\u53d1\u7684\u6ce2\u52a8\u6d88\u9000\uff0c\u8f83\u4f4e\u7684\u52a0\u5bc6\u8d27\u5e01\u4ef7\u683c\u6c34\u5e73\u548c\u6295\u8d44\u8005\u4fe1\u5fc3\u4e0b\u964d\u7684\u53ef\u80fd\u6027\u5c06\u6253\u538b\u4ea4\u6613\u91cf\u3002<\/p>\n

\u8c01\u5728\u4e70\uff1f<\/h4>\n

\u672c\u6708\u65e9\u4e9b\u65f6\u5019\uff0cCoinbase \u62a5\u544a\u79f0\u7b2c\u4e09\u5b63\u5ea6\u6536\u5165\u540c\u6bd4\u4e0b\u964d\u8d85\u8fc7 50%\uff0c\u51c0\u4e8f\u635f 5.45 \u4ebf\u7f8e\u5143\uff0c\u8d39\u7528\u6536\u5165\u4ece\u524d\u4e09\u4e2a\u6708\u7684 18 \u4ebf\u7f8e\u5143\u964d\u81f3 11 \u4ebf\u7f8e\u5143\uff0c\u867d\u7136\u4ea4\u6613\u91cf\u4e0b\u964d\uff0c\u4f46\u8ba2\u9605\u548c\u670d\u52a1\u6536\u5165\u663e\u793a\u51fa\u4ee4\u4eba\u9f13\u821e\u7684\u8ff9\u8c61\u3002\u6b64\u5916\uff0c\u8be5\u516c\u53f8\u5e0c\u671b\u501f\u52a9\u4e0e\u8c37\u6b4c\u548c\u8d1d\u83b1\u5fb7\u7684\u65b0\u5408\u4f5c\u4f19\u4f34\u5173\u7cfb\uff0c\u4ee5\u53ca\u4e00\u7cfb\u5217\u65b0\u4ea7\u54c1\uff0c\u5728\u672a\u6765\u51e0\u4e2a\u6708\u5185\u5438\u5f15\u65b0\u7684\u7528\u6237\u3002<\/p>\n

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\u6839\u636e\u5f6d\u535a\u6c47\u7f16\u7684\u6570\u636e\uff0c\u81ea 11 \u6708\u521d\u4ee5\u6765\uff0c\u6728\u5934\u59d0\u638c\u8235\u7684\u65b9\u821f\u6295\u8d44\u7ba1\u7406\u516c\u53f8\uff08 Ark Investment Management\uff09 \u65d7\u4e0b\u57fa\u91d1\u5df2\u7ecf\u8d2d\u4e70\u4e86\u8d85\u8fc7 130 \u4e07\u80a1 Coinbase \u80a1\u7968\uff0c\u630911\u670821\u65e5\u7684\u4ea4\u6613\u4ef7\u683c\u8ba1\u7b97\uff0c\u4ef7\u503c\u7ea6 5600 \u4e07\u7f8e\u5143\uff0c\u8fd9\u4f7f\u65b9\u821f\u7684\u603b\u6301\u80a1\u91cf\u589e\u52a0\u4e86\u7ea6 19%\uff0c\u8fbe\u5230\u7ea6 840 \u4e07\u80a1\uff0c\u76f8\u5f53\u4e8e Coinbase \u5df2\u53d1\u884c\u80a1\u7968\u603b\u6570\u7684 4.7% \u5de6\u53f3\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

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