'Global OTC derivatives market
The B.I.S. (Bank for International Settlement) puts out a report and the last #s they have released are from 2021 and put it at $609.43T but this is/are just from entities that are required to report it does not include everything and is not a cumulative amount by any means (this amount includes Credit Default Swaps)
https://www.bis.org/statistics/derstats.htm
FTX had unlimited token (FTT) creation and then sold those to Alameda for a discount enter in the pumping of FTT tokens…Alameda then sells FTT back to FTX for all the deposits sitting in/on FTX's accounts.
Binance is NO different